Consider the following statement s regarding Recovery of Debts due to Banks and Financial Institutio...........

Economic Affairs Industrial Sickness

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Consider the following statement(s) regarding Recovery of Debts due to Banks and Financial Institutions Act, 1993:

1. This bill established Debt Recovery Tribunals and Debt Recovery Appellate Tribunals.

2. This Bill increases the retirement age of Presiding Officers of Debt Recovery Tribunals from 62 years to 65 years.

Choose the correct code

1 only

2 only

Both

None

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Explanation:

exp: Recovery of Debts due to Banks and Financial Institutions Act, 1993 established Debt Recovery Tribunals and Debt Recovery Appellate Tribunals. This Bill increases the retirement age of Presiding Officers of Debt Recovery Tribunals from 62 years to 65 years.