Recovery of Debts Due to Banks and Financial Institutions Act, 1993
3. Establishment of Tribunal
(1) The Central Government shall, by notification, establish one
or more Tribunals, to be known as the Debts Recovery Tribunal, to exercise the
jurisdiction, powers and authority conferred on such Tribunal by or under this
Act.
(2) The Central Government shall also specify, in the notification
referred to in sub-section (1), the areas within which the Tribunal may
exercise jurisdiction for entertaining and deciding the applications filed
before it.