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THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 · RECOVERY OF DEBT DETERMINED BY TRIBUNAL

Section 25 — Modes of recovery of debts

The Recovery Officer shall, on receipt of the copy of the certificate under sub-section (7) of section 19, proceed to recover the amount of debt specified in the certificate by one or more of the following modes, namely:—
(a)attachment and sale of the movable or immovable property of the defendant;
3[(aa) taking possession of property over which security interest is created or any other property of the defendant and appointing receiver for such property and to sell the same;]
(b)arrest of the defendant and his detention in prison;
(c)appointing a receiver for the management of the movable or immovable properties of the defendant;
3[(d) any other mode of recovery as may be prescribed by the Central Government.]