Para 4.6.9 — CAM

4.6.9 Resolution of any dispute: i. In case of any dispute in penal interest between the banks and the Ministries/Departments, such cases may be forwarded by the Banks to the GBA section of CGA for necessary action. ii. All cases of dispute forwarded by banks will be put up to a committee formed for this purpose. The committee would be chaired by Additional CGA (A&FR), O/o CGA with the following members. a. Pr. CCAs/CCAs/CAs (Independent charge) of the concerned Ministry for cases relating to Civil Ministries/Departments. b. JS Level officer (in case of Non-Civil Ministries) c. CGM, DGBA, RBI d. Representative from the concerned bank at CGM/GM level e. Jt. CGA (GBA)-Member Secretary iii. In case the banks do not pay penal interest or do not lodge any dispute/appeal within the prescribed timelines given above, direct debit of the bank's account will be done for the amount of Penal interest in consultation with RBI.