Date: 2016-05-04Category: Extra OrdinaryState: Union GovernmentCountry: India
Whereas, by a notification of the Government of India in the Ministry of Finance number GSR 397, dated the 4th October, 1999, published in the Gazette of India
Executive Summary:
This notification from the Ministry of Finance establishes a second Debts Recovery Tribunal in Ernakulam, Kerala, effective May 9, 2016, and renames the existing one. It also defines the areas of jurisdiction for both tribunals, superseding previous notifications regarding the location of the existing tribunal. The notification was issued on May 2, 2016.
Key Points / Main Content:
Establishment of New Tribunal:
A second Debts Recovery Tribunal is established in Ernakulam, Kerala.
Effective Date: This establishment is effective from May 9, 2016.
Renaming of Existing Tribunal:
The existing Debts Recovery Tribunal at Ernakulam will be known as Debts Recovery Tribunal-1, Ernakulam.
The newly established tribunal will be known as Debts Recovery Tribunal-2, Ernakulam.
Jurisdiction:
Debts Recovery Tribunal-1, Ernakulam: Jurisdiction over Ernakulam and Idukki districts in Kerala, and the Union Territory of Lakshadweep.
Location: 5th Floor, Kerala State Housing Board KSHB Building, Panampilly Nagar, Kochi 682036.
Debts Recovery Tribunal-2, Ernakulam: Jurisdiction over Kasaragod, Kannur, Wayanad, Kozhikode, Malappuram, Palakad, Thrissur, Kottayam, Pathanamthitta, Kollam, Alapuzha, and Thiruvananthapuram districts in Kerala.
Location: 1st Floor, Kerala State Housing Board KSHB Building, Panampilly Nagar, Kochi 682036.
Supersession of Previous Notifications:
This notification supersedes the Government of India, Ministry of Finance notification number G.S.R. 397, dated October 4, 1999, and all subsequent notifications related to the change of location of the existing Debts Recovery Tribunal at Ernakulam.
Exception: This supersession does not affect actions already completed or omitted before the issuance of this notification.
Impact Analysis:
Debts Recovery Tribunals at Ernakulam:
Impact: The existing tribunal is renamed, and both tribunals have clearly defined jurisdictions.
Action Required: The tribunals must operate within their newly defined areas of jurisdiction.
Individuals/Entities Seeking Debt Recovery:
Impact: Claimants will need to file cases with the appropriate tribunal based on the district where the cause of action arises.
Action Required: Determine the correct tribunal based on the defined jurisdictional areas before initiating any legal action.
Central Government (Ministry of Finance):
Impact: Responsible for the successful establishment and operation of the new tribunal.
Action Required: Ensure the new tribunal is properly staffed and equipped to handle its caseload.
State Government of Kerala:
Impact: The state will have an additional Debts Recovery Tribunal to address debt recovery cases.
Action Required: Support the establishment and operation of the new tribunal.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for the economy and finances of India, issuing the notification.
Recovery of Debts Due to Banks and Financial Institutions Act, 1993: An Indian law that provides for the establishment of tribunals for the expeditious adjudication and recovery of debts due to banks and financial institutions.
Debts Recovery Tribunal: A special tribunal established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, to facilitate the recovery of debts owed to banks and financial institutions.
Ernakulam, Kerala: A city in the state of Kerala, India, where the Debts Recovery Tribunals are located.
Debts Recovery Tribunal 1, Ernakulam: The existing Debts Recovery Tribunal at Ernakulam, renamed after the establishment of a second tribunal.
Debts Recovery Tribunal 2, Ernakulam: The newly established Debts Recovery Tribunal at Ernakulam.
Lakshadweep: A Union Territory of India. It falls under the jurisdiction of Debts Recovery Tribunal 1, Ernakulam.
Kochi, Kerala: A city in Ernakulam district of the State of Kerala. Where the addresses of the Debts Recovery Tribunals are located
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MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 2nd May, 2016
S.O. 1641(E).— Whereas, by a notification of the Government of India in the Ministry of Finance number G.S.R.
397, dated the 4th October, 1999, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the
11th December, 1999, the Central Government established the Debts Recovery Tribunal at Ernakulam, in the State of Kerala;
And whereas, the Central Government has considered it necessary to establish one more Debts Recovery Tribunal at
Ernakulam in the State of Kerala;
Now, therefore, in exercise of the powers conferred by section 3 of the Recovery of Debts Due to Banks and Financial
Institutions Act, 1993, (51 of 1993), the Central Government hereby establishes one more Debts Recovery Tribunal at
Ernakulam in the State of Kerala with effect from the 9th day of May, 2016 and consequent thereupon, the existing Debts
Recovery Tribunal will be known as Debts Recovery Tribunal-1, Ernakulam and the newly established Debts Recovery
Tribunal will be known as Debts Recovery Tribunal-2, Ernakulam and in supersession of the notification of the Government of
India in the Ministry of Finance number G.S.R. 397, dated the 4th October, 1999 and all subsequent notifications relating to
change of location of the existing Debts Recovery Tribunal at Ernakulam, except as respects things done or omitted to be done
before such supersession, hereby specifies the areas of jurisdiction of the Debts Recovery Tribunals at Ernakulam, Kerala as
under, namely:-
TABLE
S. No. Name of Debts Location Area of Jurisdiction
Recovery Tribunal
(1) (2) (3) (4)
1. Debts Recovery 5th Floor, Kerala State Housing Ernakulam and Idukki districts in the State of
Tribunal -1, Board (KSHB) Building, Kerala and Union Territory of Lakshadweep.
Ernakulam. Panampilly Nagar,
Kochi – 682036
2. Debts Recovery 1st Floor, Kerala State Housing Kasaragod, Kannur, Wayanad, Kozhikode,
Tribunal -2, Board (KSHB) Building, Malappuram, Palakad, Thrissur, Kottayam,
Ernakulam. Panampilly Nagar, Pathanamthitta, Kollam, Alapuzha and
Kochi - 682036 Thiruvananthapuram districts in the State of
Kerala.
[F. No. 1/2/2014-DRT]
RAJESH AGGARWAL, Jt. Secy.
Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)
vide G.S.R. 397 (E), dated the 11th December, 1999.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.