The document discusses the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, which was passed to facilitate the speedy adjudication of matters relating to recovery of debts owed to banks and financial institutions. It established Debt Recovery Tribunals and Debt Recovery Appellate Tribunals across India to handle such cases. The tribunals have similar powers to civil courts and follow procedures to allow banks/FIs to file applications, defendants to respond, and include provisions for appeals, interim orders, and debt recovery. As of now, there are 29 DRTs and 5 DRATs constituted across the country to help banks/FIs recover bad debts efficiently.
HMDA Regulation C enforced by the CFBP is designed mainly to stop discriminator lending practices. A presentation I created for a lending institution this fall in preparation for the new law starting January 1, 2018.
To analyse and understand the provisions of Foreign Exchange Management (Adjudication Proceedings And Appeal) Rules, 2000. We shall understand the provisions relating to imposition of penalty, the adjudicating authority, inquiry proceedings and the various aspects of appeal.
HMDA Regulation C enforced by the CFBP is designed mainly to stop discriminator lending practices. A presentation I created for a lending institution this fall in preparation for the new law starting January 1, 2018.
To analyse and understand the provisions of Foreign Exchange Management (Adjudication Proceedings And Appeal) Rules, 2000. We shall understand the provisions relating to imposition of penalty, the adjudicating authority, inquiry proceedings and the various aspects of appeal.
This presentation is about how Internet can serve as a medium of dispute Resolution for various commercial and contractual disputes. Delivered at a CIAC conference in India by Cyberlaw expert, Karnika Seth it describes various ODR models available on Internet in India and other countries and discusses steps required to be adopted for its implementation in India .
SALIENT FEATURES OF SEBI
Acts The salient features of SEBI act are as follows: SEBI shall be a body corporate by the name having perpetual succession and a common seal with power to acquire hold and dispose of property, both movable and immovable and to contract and sell, by the said name, sue or be sued.The head office of the board shall be at Bombay.
This file deals with the Section 60-64 of CPC,1908, which talks about the Attachment of property in execution proceedings.
I have tried to make it easier for the students to understand the concept.
In case of any query the undersigned can be reached by email, the address of which has been given in the third last slide.
OBJECTIVE
To check if the levy and collection of GST is in order, there also needs to be monitoring of offences committed by any person in contravention to provisions of this Act. The GST Law imposes penalties and prosecution for offences depending on the intention of the person committing the offence. In this Webinar we will be learning about the provisions of the GST Act regarding the major offences, penalty leviable, prosecutions for sepcified offenses and general disciplines relating to penalty.
Difference between lease and license: Everything you need to knowMyAdvo.in
A brief view of Lease and License. This PPT talks about the difference between Lease and License on the basis of agreement, interest, transferability, etc.
These slides will give overview of the Debt Recovery Tribunal and its Working of the Tribunal. Further it will help in understanding the requirements for filing an application under the Act.
This presentation is about how Internet can serve as a medium of dispute Resolution for various commercial and contractual disputes. Delivered at a CIAC conference in India by Cyberlaw expert, Karnika Seth it describes various ODR models available on Internet in India and other countries and discusses steps required to be adopted for its implementation in India .
SALIENT FEATURES OF SEBI
Acts The salient features of SEBI act are as follows: SEBI shall be a body corporate by the name having perpetual succession and a common seal with power to acquire hold and dispose of property, both movable and immovable and to contract and sell, by the said name, sue or be sued.The head office of the board shall be at Bombay.
This file deals with the Section 60-64 of CPC,1908, which talks about the Attachment of property in execution proceedings.
I have tried to make it easier for the students to understand the concept.
In case of any query the undersigned can be reached by email, the address of which has been given in the third last slide.
OBJECTIVE
To check if the levy and collection of GST is in order, there also needs to be monitoring of offences committed by any person in contravention to provisions of this Act. The GST Law imposes penalties and prosecution for offences depending on the intention of the person committing the offence. In this Webinar we will be learning about the provisions of the GST Act regarding the major offences, penalty leviable, prosecutions for sepcified offenses and general disciplines relating to penalty.
Difference between lease and license: Everything you need to knowMyAdvo.in
A brief view of Lease and License. This PPT talks about the difference between Lease and License on the basis of agreement, interest, transferability, etc.
These slides will give overview of the Debt Recovery Tribunal and its Working of the Tribunal. Further it will help in understanding the requirements for filing an application under the Act.
Features of a Negotiable Instrument
Elements of Negotiability
Presumptions as to negotiable instruments
Promissory Note
Bill of Exchange
Cheque
Holder and Holder in due course
Negotiation, Indorsement and Assignment
Dishonour of negotiable instrument
Liability of Banker
These Slides will help in understanding the procedure of Debt Recovery Tribunal briefly along with the requirement for filing an application before the Tribunal.
Code of civil procedure 1908 miscellaneous, interest,cost, exemption from app...Dr. Vikas Khakare
This contains miscellaneous provision like interest in suit, cost of suit, persons exempted for appearing in the court, caveat and inherent powers of court.
Introduction to cpc 1962
particular and society in general. Especially in India, she is seen as preserver
of social norms, traditions, customs, morality and family cohesiveness. In the present
world a woman has taken up all responsibility of making a mark of her own to have
an own identity along with nurturing her family. But it is sad to see that women’s
achievement is also getting extended towards criminality in the social, cultural,
economic and political milieu of India. Female Criminality in India is at rise along
with the increase in crime against woman. The issue has reached to an alarming level
which has compelled all the socially responsible scholars to focus on root cause of
female turning to criminal activities in larger numbers. Female criminality has been
theoretically stated as complicated less understood and subject to easy control. The
social environment contributes a lot to the making of women criminals.
Female crime is a main indicator to measure a community’s moral standards.
Because compared with male crime, the number and proportion of female crime is
low, scholars and the judiciaries were not concerned about female crime for a long
time. But in recent years, the rapid growth of female crime and the emergence of the
new features had to be given extensive attention.1
Female crime has seriously affected
the marriage and family stability and social development. In this context, it is
particularly necessary to discuss the reasons for female crime and bring forward the
corresponding control measures
The phrase “Female crime’, by definition, refers to the crimes committed b
Werksmans Director Bulelwa Mabasa speaks on appeals, reviews, mandamus, interdicts & administrative actions in terms of the minerals & petroleum resources development act ("MRPDA") No.28 of 2002 at the Junior Mining & Exploration Conference 8th November 2012.
ENFORCEMENT OF JUDGEMENTS AND ORDERS
Writ of seizure and sale
Stay of Execution
WRIT OF POSSESSION
WRIT OF DELIVERY
ENFORCEMENT OF MONEY JUDGEMENT
GARNISHEE PROCEEDINGS
CHARGING ORDERS TO STOP ORDER
APPOINTMENT OF RECEIVER (O51)
JUDGMENT DEBTOR SUMMONS
WRIT OF DISTRESS
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
1. Securitization and debt recovery
To give better legal system than the prevailing
system of Code of Civil Procedure, to enforce
the speedy adjudication of the matters relating
to recovery of debts due to banks and financial
institutions.
2. A new Act was promulgated
• The Recovery of Debts Due to Banks and
Financial Institutions Act, 1993 was passed to
facilitate for the speedy adjudication of
matters relating to recovery of debts due to
banks and financial institutions.
• It provides a procedure which is different from
the existing code of civil procedure.
3. Establishment of Tribunal
• The Act provides that the Central Government
shall by notification, establish one or more
tribunals, to be known as the Debts Recovery
Tribunal (DRT), to exercise the jurisdiction,
power and authority conferred on such
Tribunal by or under the Act.
• The setting up of a Debt Recovery Tribunal is
mainly dependent upon the number of cases.
4. CRITERIA FOR SETTING UP OF DRTs
• Higher the volume/number of cases within a
territorial, more the Debt Recovery Tribunals
would be set up.
• With a view to help banks & FIs recover their
bad debts quickly and efficiently, the
Government of India has constituted thirty
three DRTs and five Debt Recovery Appellate
Tribunals all over the country.
5. Composition of Tribunal
• Each DRT is presided by a Presiding Officer. The
Presiding Officer is generally a judge of the rank
of District and Sessions Judge.
• A Presiding Officer is assisted by one or more
Recovery Officers and other officers and
employees as the Government may deem proper.
• These officers & employees of a Tribunal shall
discharge their functions under the general
superintendence of the Presiding Officer.
6. Establishment of Appellate Tribunal
• The Central Government has constituted five
Debt Recovery Appellate Tribunals in country. An
Appellate Tribunal is headed by the Presiding
Officer.
• Any person, who is, or has been, or qualified to
be, a judge of High Court, or has been a member
of the Indian Legal Service A grade with at-least
three years service or has held office as Presiding
Officer of a Tribunal for at-least three years, shall
be qualified for appointment as Presiding Officer
of an Appellate Tribunal.
7. Procedure of TRIBUNALS
• Section 19 of the Act provides that where a
Bank or a FI has to recover any debt from any
person, it may make an application to the
Tribunal within the local limits of whose
jurisdiction the defendant, or each of
defendants where there are more than one, at
the time of making the application, actually
and voluntary resides or carries on business or
personally works for gain.
8. Procedure of Tribunals
• When a Bank or a FI, which has to recover its
debt from any person, has filed an application
to the Tribunal and against the same person
an another bank or FI also has a claim to
recover its debt, then, the later bank or FI may
join the applicant bank or FI at any stage of
the proceedings, before the final order is
passed by making an application to the
Tribunal.
9. Procedure of filing application
• Every application has to be made in such form
and be accompanied by requisite documents
or the evidence along-with prescribed fee.
• On receipt of application, the Tribunal shall
issue summons requiring the defendant to
show cause within thirty days of the service of
summons as to why the relief prayed for
should not be granted.
10. Procedure to be followed by
defendant during claimed filed by B/FI
• The defendants shall, at before the first hearing
or within such time as the Tribunal may
permit, present a written statement of his
defence. Where the defendant claims to set-off
against the applicant’s demand any ascertained
sum of money legally recoverable by him from
such applicant, the defendant may, at the first
hearing of the application, but not afterwards
unless permitted by the Tribunal, present a
written statement comprising/containing the
particulars of the debt sought to be set-off.
11. • Tribunal may, after giving the applicant and
the defendant an opportunity of being heard,
pass such orders on the application as it
deems fit to meet the ends of justice.
• A counter-claim shall have the same effect as
a cross-suit so as to enable the Tribunal to
pass a final order on the same application,
both on the original claim and on the counterclaim.
12. • The applicant shall be at liberty to file a written
statement in answer to the counter-claim of the
defendant within such period as may be fixed by
the Tribunal.
• The Tribunal may make an interim order against
the defendant to debar him from transferring,
alienating or otherwise dealing with, or disposing
of, any property & assets belonging to him
without the prior permission of the Tribunal.
13. • Tribunal can pass orders of wide variety, but
they are slow and cautious while passing such
orders, considering the judgements of the
Supreme Court and the High Court which have
laid down conditions which must be followed
by DRT. Therefore, they generally would first
listen to the defendants before the orders are
passed.
14. • Where at any stage of the proceedings, the
Tribunal is satisfied by affidavit or otherwise, that
the defendant, with intent to obstruct or delay or
frustrate the execution of any order for recovery
of the debt that may be passed against him.
• The tribunal may direct the defendant, within a
time fixed by the tribunal, either to furnish
security, in such sum as may be specified in the
order or to appear and show cause why he
should not furnish security.
15. • Where it appears to the Tribunal to be just
and convenient, it may by order:
• Appoint a receiver any property, whether
before or after the grant of certificate for
recovery of debt;
• Remove any person from the possession,
custody of the property;
• Commit the same property to the possession,
custody or management of the receiver;
16. • Confer upon the receiver all such powers, as
to bringing and defending suits in the
courts, or filing and defending applications
before the Tribunal and for the
realization, management, protection, preserva
tion and improvement of the property and
disposal of such rents and profits, and the
execution of the documents as the owner
himself has, or such of those powers as the
Tribunal thinks fit, and
17. • Appoint a Commissioner for preparation of an
inventory of the properties of the defendant
or for the sale thereof.
• Finally the Tribunal may make such orders and
give such directions as may be necessary or
expedient to give effect to its process or to
secure the ends of justice.
18. Appeal to the Appellate Tribunal
• Section 20 of the provides that any person
aggrieved by an order made, or deemed to
have been made, by a Tribunal under this
Act, may prefer an appeal to DRAT having
jurisdiction in the matter.
• No appeal shall lie to the DRAT from an order
made by a Tribunal with the consent of parties
• Appeal should be filed within 45 days from the
date on which a copy of order made.
19. • On receipt of an appeal, the Appellate
Tribunal may, after giving the parties to the
appeal, an opportunity of being heard, pass
such orders thereon as it thinks fit,
confirming, modifying or setting aside the
order appealed against.
• The Appellate Tribunal shall send a copy of
every order, made by it to the parties to the
appeal and to the concerned Tribunal.
20. Deposit of amount of debt due, on
filing appeal
• Where an appeal is preferred by any person
from whom the amount of debt is due to a
Bank or a FI, such appeal shall not be entertainted by the Appellate Tribunal unless such
person has deposited 75% of the amount of
debt due from him as determined by Tribunal.
• Provided that the Appellate Tribunal may, for
reasons to be recorded in writing, waive or
reduce the amount to be deposited.
21. VITAL POINTS OF THE RECOVERY OF DEBTS DUE TO BANKS AND FINANACIAL
INSTITUTION ACT, 1993
The Act was passed to provide for the speedy adjudication of matters relating to
recovery debts due to banks and financial institutions,
As of now, there are twenty nine Debts Recovery Tribunals and five Debt Recovery
Appellate Tribunals across the country constituted by the Government of
India.
Section 19 of the Act deals with the procedure for making application to the Debt
Recovery Tribunal.
Section 20 of the Act deals with provisions for an appeal to an Appellate Tribunal
having jurisdiction in the matter.
The Tribunal and the Appellate Tribunal have the same powers as are vested in a
civil court under the Code of Civil Procedure,1908.
The Recovery Officer may proceed to recover the amount of debt by any of the
specified modes under Section 25 of the Act.
Any person who is aggrieved by an order of Recovery Officer may prefer an appeal
to the Tribunal.