DRT Act definition

DRT Act means the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, as may be amended or replaced from time to time.
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DRT Act means Recovery of Debts and Bankruptcy Act, 1993 and the rules and regulations framed thereunder, from time to time; Q “Due Date” means the date(s) on which any amounts in respect of the Borrower's Dues including the principal amounts of the Loan, Interest, Additional Interest and/or any other monies, fall due as specified in the Application Form and/ or the Loan terms and the other Transaction Documents. In case the Due Date falls on a day which is not a Business Day, the payment otherwise due on such Due Date shall be made by the Borrower on the immediately preceding Business Day;
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DRT Act shall have the meaning ascribed to the term in Clause 30;
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Examples of DRT Act in a sentence

  • DRT Act shall mean the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and the rules and regulations thereunder.

  • In addition, the Parties agree that in the event that the Lender is empowered to exercise rights and powers under the provisions of the DRT Act as aforesaid, the provisions of this Article and the agreement to arbitrate as between the Lender and the Borrower shall, at the option of the Lender, cease to have effect.

  • In addition, the Parties agree that in the event that the Lender is empowered to exercise rights and powers under the provisions of the DRT Act as aforesaid, the provisions of Articles22.2 (a) to (c)and the agreement to arbitrate as between the Lender and the Borrower shall, at the option of the Lender, cease to have effect.


More Definitions of DRT Act

DRT Act means the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and the rules and regulations thereunder; “Due Date” shall mean:
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