Recovery of Debts Due to Banks and Financial Institutions (Amendment) Ordinance, 2012 [A12-E8A]

As at 7 September 2026. Lapsed.

Dates: made 15 October 2012; in force 15 October 2012; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. This instrument, its title, its number and its words are generated by the register.

Cite: Recovery of Debts Due to Banks and Financial Institutions (Amendment) Ordinance, 2012, Ordinance 6 of 2012 [A12-E8A]. Machine: A12-E8A.

Preamble

Sections (2)

Section 1. Short title and commencement [S2R-STK]

Section 2. Amendment of section 55 [S2R-SVH]

Made under

Recital: "Promulgated by the President in the Sixty-third Year of the Republic of India. An Ordinance further to amend the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993). WHEREAS Parliament is not in session and the President is satisfied that circumstances exist which render it necessary to take immediate action; NOW, THEREFORE, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance: This Ordinance shall cease to operate at the expiration of six weeks from the reassembly of Parliament, as clause (2) of article 123 of the Constitution provides.". Names article 123 of the Constitution. Vires claimed, unresolved.

Acts on (1)

Amends Section 55, Recovery of Debts Due to Banks and Financial Institutions Act, 1993 [S1X-R6J], 15 October 2012. "section 55 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993)".

Acted on by (0)

none

Not held (1)

"article 123 of the Constitution"