Act: The Recovery of Debts and Bankruptcy Act, 1993 (Act No. 51 of 1993)
Chapter V – Recovery of Debt Determined by Tribunal
25. Modes of recovery of debts
The Recovery Officer shall, on receipt of the copy of the certificate under sub-section (7) of section 19, proceed to recover the amount of debt specified in the certificate by one or more of the following modes, namely:—
(a) attachment and sale of the movable or immovable property of the defendant;
(aa) taking possession of property over which security interest is created or any other property of the defendant and appointing receiver for such property and to sell the same;
(b) arrest of the defendant and his detention in prison;
(c) appointing a receiver for the management of the movable or immovable properties of the defendant;
(d) any other mode of recovery as may be prescribed by the Central Government.
Amendment: Clauses (aa) and (d) ins. by Act 44 of 2016, s. 38 (w.e.f. 1-9-2016).
