The Recovery of Debts and Bankruptcy Act, 1993

This edition of The Recovery of Debts and Bankruptcy Act, 1993 (Act 51 of 1993), updated up to 2026, provides a complete and authoritative text of the law governing the recovery of debts due to banks and financial institutions, as well as related bankruptcy proceedings. It incorporates all amendments introduced by The Tribunals Reforms Act, 2021 (Act 33 of 2021) and The Finance Act, 2021 (Act 13 of 2021), ensuring full alignment with current legislative and procedural frameworks. The book also includes the allied rules and regulations essential for practical and academic reference, such as:
• The Debts Recovery Tribunal (Procedure) Rules, 1993
• The Debts Recovery Appellate Tribunal (Procedure) Rules, 1994
• The Debts Recovery Tribunal and Appellate Tribunal (Financial and Administrative Powers) Rules, 1997
• The Debts Recovery Tribunal and Appellate Tribunal (Appointment and Service Conditions of Officers and Employees) Rules, 1997
• The Debts Recovery Tribunal (Procedure for Appointment as Presiding Officer) Rules, 1998
• The Debts Recovery Tribunal (Procedure for Investigation of Misbehaviour or Incapacity of Presiding Officer) Rules, 2010
• The Change in or Take Over of the Management of the Business of Borrower by Securitisation Companies and Reconstruction Companies Directions, 2013
• The e-Filing Rules, 2020
• Guidelines for e-Court Project in Debts Recovery Appellate Tribunals and Debts Recovery Tribunals, 2025

Comprehensively covering the statutory provisions and procedural mechanisms, this edition is indispensable for:
• Law students and AIBE aspirants studying financial and insolvency laws
• Banking and finance professionals engaged in debt recovery and insolvency processes
• Advocates and chartered accountants practicing before DRTs and DRATs
• Insolvency professionals, resolution applicants, and company law practitioners

Published by Commercial Law Publishers (India) Pvt. Ltd., this Bare Act with short comments presents the unannotated legal text in its most current form, making it a reliable and essential reference for both study and practice.