Section 31, Bilateral Netting Qualified Financial Contracts Act, 2020 [S29-W18]
As at 7 September 2026. In force from 16 March 2020.
31. Appeal.—(1) Any person aggrieved by an order of the Reserve Bank under this Act may, within seven days from the date on which the order is communicated to him, prefer an appeal to the Debts Recovery Tribunal in such form and accompanied by such fee as may be prescribed. (2) The appellate authority may, after giving the appellant an opportunity of being heard, confirm, modify or set aside the order appealed against. (3) No appeal shall lie under this section against an order made with the consent of the parties.
Defined terms in this text (1)
Reserve Bank: Section 2, Bilateral Netting Qualified Financial Contracts Act, 2020 [S29V4Y] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)
Reserve Bank: 24 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 34, Bilateral Netting Qualified Financial Contracts Act, 2020 [S29-W42], 16 March 2020, Band A. "section 31".
Not held (0)
none
Duties published under this section (0)
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