Section 7
Inquiry Into And Dismissal Of Petition
(1) After the filing of a petition, the tribunal has to enquire into the following matters in that respect.
(a) Whether the grounds of claim or recovery of debt are clear or not,
(b) Whether the evidence and documents accompanied with the petition are adequate to corroborate the claim or not.
(2) If the tribunal thinks, upon an inquiry pursuant to Sub-rule (1), that the ground for claim mentioned in the petition are not clear and thus the claim cannot stand, it may dismiss the petition.
(3) If the tribunal thinks that the claim cannot be substantiated from the evidence and documents attached with the petition it may give a time limit of seven days and order the concerned bank or financial institution to submit
additional necessary evidence and documents. If the concerned bank or financial institution fails to submit additional necessary evidence or documents within the time limit so specified or fit appears that the claim cannot be substantiated from the submitted documents the tribunal may dismiss such a petition.
(4) If the tribunal dismisses a petition pursuant to Sub-rule (2) or (3), it has to give information thereof to the concerned bank or financial institution no later than seven days from the date of dismissal of petition.
(a) Whether the grounds of claim or recovery of debt are clear or not,
(b) Whether the evidence and documents accompanied with the petition are adequate to corroborate the claim or not.
(2) If the tribunal thinks, upon an inquiry pursuant to Sub-rule (1), that the ground for claim mentioned in the petition are not clear and thus the claim cannot stand, it may dismiss the petition.
(3) If the tribunal thinks that the claim cannot be substantiated from the evidence and documents attached with the petition it may give a time limit of seven days and order the concerned bank or financial institution to submit
additional necessary evidence and documents. If the concerned bank or financial institution fails to submit additional necessary evidence or documents within the time limit so specified or fit appears that the claim cannot be substantiated from the submitted documents the tribunal may dismiss such a petition.
(4) If the tribunal dismisses a petition pursuant to Sub-rule (2) or (3), it has to give information thereof to the concerned bank or financial institution no later than seven days from the date of dismissal of petition.