Section 3
Petition To Be Filed
(1) In filing a petition, a bank or financial institution has to file the petition with the tribunal in the format as referred to in Schedule-1, accompanied also by a petition fee of Five Rupees and amount for the debt recovery fee in a sum to be set by 0.25 percent of the claimed amount.
(2) If the fact appears to be proved by a petition and documents accompanied with i.e., records or any other kinds of evidences, that the activities or procedures referred to in Clause (C0 and (c1) of sub- rule (1) have been
fulfilled, it shall be considered that he banks or financial institutions have fulfilled the procedures in respect of debts recovery pursuant to sub_ Section (7) of section 14 O the Act.
(2) If the fact appears to be proved by a petition and documents accompanied with i.e., records or any other kinds of evidences, that the activities or procedures referred to in Clause (C0 and (c1) of sub- rule (1) have been
fulfilled, it shall be considered that he banks or financial institutions have fulfilled the procedures in respect of debts recovery pursuant to sub_ Section (7) of section 14 O the Act.