The Recovery of Debts and Bankruptcy Act, 1993

The Recovery of Debts and Bankruptcy Act, 1993

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Author : Commercial Law Publishers
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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.

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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About the author

Commercial Law Publishers

Commercial Law Publishers

Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on excise and customs; several titles on direct taxes as well as Sales Tax.

Commercial, in a way has brought about a reform in legal publishing by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.

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