JAIIB LRAB Unit 29 - Establishment of Tribunal and Appellate Tribunal

JAIIB LRAB Unit 29 - Establishment of Tribunal and Appellate Tribunal (Year: 2019)

The central government is empowered to establish one or more tribunal to be known as Debt Recovery Tribunal.

Composition of Tribunal

The tribunal consists of one person called as Presiding Officer and the appointment is done by the central govt. by issuing notification.

Debt Recovery Tribunal	Appellate Tribunal
Presiding Officer : District Judge	Chairperson : High Court Judge, Presiding officer of a DRT for at least 3 years.
Presiding officer holds officer for a term of 5 years or until he attains the age of 62 years whichever is earlier.	Chairperson holds officer for a term of 5 years or until he attains age of 65 whichever is earlier.
Recovery Officer
The staff so appointed shall work under the general superintendence of the presiding officer.