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Chapter -1

Chapter -1 Preliminary
1. Short title and commencement:

(1) These Rules may be called the ” Recovery of Debts of Banks and Financial Institutions Rules, 2059(2002)”.
(2) These Rules shall commence immediately.

2. Definations: Unless the subject of the commence forthwith,-
(a) “Act” means Recovery of Debts of Banks and Financial Institutions Act, 2058(2002).
(b) “Petition” means a petition filed by bank or financial institution with the tribunal pursuant to Sub-section (1) of Section 15 of the Act.
(c) “Registrar” means the officer designated by Government of Nepal to carry out Acts pertaining to general administration of the Tribunal or Appellate Tribunal pursuant to Rule 32.


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