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The Artho Rin Adalat Ain, 2003

Steps of the Artha Rin Execution Suits

·         Filing of Artha Rin Execution Suits (section 27)

·         Time limit for Filing of Artha Rin Execution Suits(section 28)

·         Summon (section 30)

·         Auction (section 33)

·         Certificate for possession and use section 33(5)

·         Certificate of title section 33(7)

·         Appeal (section 41)

·         Revision (section 42)

·         Leave to Appeal (section 43)

Limitations of the Act:

·         According to section 17 an Artha Rin Case should be settled within maximum 120 days. But due to some obstacles often created by the defendant (borrower/guarantor) the case can’t be settled within that time.

·         Over burden of courts for a lot of suits due to small number of courts/benches.

•Obstacles of the Artha Rin Adalat Ain, 2003 (Sections: 6, 22, 28, 33, 34, 45 & 57).