ऋण असुली अधिकृत तोक्ने | Section 28 | Banks and Financial Institutions Loan Realized Acts, 2058

Banks and Financial Institutions Loan Realized Acts, 2058

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Section 28

Designation of Debt Recovery Officer

(1) The Government of Nepal may appoint at least a gazetted second class officer as a debt recovery officer. (2) The work, duties and rights of the debt recovery officer shall be as prescribed.

Banks and Financial Institutions Loan Realized Acts, 2058

Preamble - 0

Preamble 0: Preamble

Chapter - 1

Section 1: Abbreviations and initials Section 2: Definitions Section 3: Banks and financial institutions to which the provisions of the Act are applicable

Chapter - 2

Section 4: Establishment and Formation of Tribunals Section 5: Appointment of members Section 6: Eligibility of a member Section 7: Term of office of a member Section 8: Establishment of Appellate Tribunal Section 9: Appointment of Appeal Hearing Officer Section 10: Term of Office of the Appeal Hearing Officer Section 11: Remuneration and facilities Section 12: State of not holding office Section 13: Filling of Vacancies

Chapter - 3

Section 14: Functions, Duties and Jurisdictions Section 15: Application to Tribunal Section 16: Can issue interim orders Section 17: Time period for action and disposal of the case Section 18: Judgment pronouncement Section 19: Appealable Section 20: Can be reconciled Section 21: Enforcement of judgment Section 22: Bond must be deposited for appeal Section 23: Period for Disposing of Appeals Section 24: Powers and Procedure of Tribunals and Appellate Tribunals

Chapter - 4

Section 25: Debt Recovery Method Section 26: Obligations of sureties Section 27: Order of Debt Recovery Officer to be equivalent to order of Tribunal

Chapter - 5

Section 28: Designation of Debt Recovery Officer Section 29: Arrangements related to other staff Section 30: Actionable for Contempt Section 31: Banks and financial institutions must pay the amount Section 32: Transfer of cases Section 33: Power to make rules

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