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;
[(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;
[(d) any other mode of recovery as may be prescribed by the Central Government.]
Amendment notes (1)
- 1Ins w.e.f. 1-9-2016 Ins. by Act 44 of 2016, s. 38 (w.e.f. 1-9-2016)