section 25
Modes of recovery of debts.
The Recovery Of Debts And Bankruptcy Act, 1993Corporate199345 sections6 chapters
Chapter V RECOVERY OF DEBT DETERMINED BY TRIBUNAL
Statutory text
The Recovery Officer shall, on receipt of the copy of the certificate under sub-section (7) of section 19, proceed to recover the amount of debt specified in the certificate by one or more of the following modes, namely:--
- (a) attachment and sale of the movable or immovable property of the defendant; 1[(aa) taking possession of property over which security interest is created or any other property of the defendant and appointing receiver for such property and to sell the same;]
- (b) arrest of the defendant and his detention in prison;
- (c) appointing a receiver for the management of the movable or immovable properties of the defendant; 1[(d) any other mode of recovery as may be prescribed by the Central Government.]
Study data processing for this section.
PDF: pending for this language.