(b)“application” means an application made to a Tribunal under section 19;
(c)“appointed day”, in relation to a Tribunal or an Appellate Tribunal, means the date on which
such Tribunal is established under sub -section (1) of section 3 or, as the case may be, sub -section ( 1)
of section 8;
(v)a Regional Rural Bank;
4[(vi) a multi -State co -operative bank;]
(e)“banking company” shall have the meaning assigned to it in clause ( c) of section 5 of the
Banking Regulation Act, 1949 (10 of 1949);
5[(ea) “Chairperson” means a Chairperson of an Appellate Tribunal appointed under section 9;]
(f)“corresponding new bank” shall have the meaning assigned to it in clause ( da) of section 5 of
the Banking Regulation Act, 1949 (10 of 1949);
6[(g) “debt” means any liability (inclusive of interest) which is claimed as due from any person
7[or a pooled inve stment vehicle as defined in clause ( da) of section 2 of the Securities Contracts
(Regulation) Act, 1956 (42 of 1956)] by a bank or a financial institution or by a consortium of banks
or financial institutions during the course of any business activity und ertaken by the bank or the
financial institution or the consortium under any law for the time being in force, in cash or otherwise,
whether secured or unsecured, or assigned, or whether payable under a decree or order of any civil
court or any arbitration award or otherwise or under a mortgage and subsisting on, and legally