Proceedings of Tribunal

Corporate2024155 sections12 chapters

Chapter XII INSURED CO-OPERATIVE BANK

Statutory text

(1) The Tribunal may call for and examine the record of any proceeding in which an appeal lies to it, for the purpose of satisfying itself as to the legality or propriety of any decision or order passed, and if, in any case, it appears to the Tribunal that any such decision or order should be modified, annulled or reversed, the Tribunal may pass such order thereon as it may deem appropriate.
(2) Where an appeal is made to the Tribunal under section 109, it may make such interlocutory order spending the decision of the appeal as may appear to it to be just and convenient, or such orders as may be necessary for the ends of just ice, or to prevent the abuse of the process of the Tribunal.
(3) An order passed in appeal under sub-section (1) or in review under section 134, by the Tribunal, shall be final and conclusive and shall not be called in question in any civil or revenue court.
(4) The Tribunal hearing an appeal under this Regulation shall exercise all the powers conferred upon an appellate court by section 99 and Order XLI in the

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