Introduction Of The Recovery Of Debts Due To Banks And Financial … on 9 March, 2000

12.04 1`/2 hrs.

RECOVERY OF DEBTS DUE TO BANKS AND

FINANCIAL INSTITUTIONS (AMENDMENT) BILL*

THE MINISTER OF FINANCE (SHRI YASHWANT SINHA): Sir, I beg to move for leave to introduce a Bill further to amend the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.

MR. SPEAKER: The question is:

“That leave be granted to introduce a Bill further to amend the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. ”

The motion was adopted.

SHRI YASHWANT SINHA: I introduce the Bill.**

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12.05 hrs.

***STATEMENT RE: RECOVERY OF DEBTS DUE TO BANKS AND

FINANCIAL INSTITUTIONS (AMENDMENT) ORDINANCE

THE MINISTER OF FINANCE (SHRI YASHWANT SINHA): I beg to lay on the Table an explanatory statement (Hindi and English versions) showing reasons for immediate legislation by the Recovery of Debts Due to Banks and Financial Institutions (Amendment) Ordinance, 2000.

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*Published in the Gazette of India, Extraordinary, Part-II,Section-2 dated 9.3.2k

**Introduced with the Recommendation of the president.

***Treated as laid on the Table of the House.