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THE RECOVERY THE RECOVERY OF DEBTS. The Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) provides speedy redressal to lenders and borrowers through filing 2
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Chandigarh DEBTS RECOVERY TRIBUNAL CHANDIGARH (DRT 2) Case Status: Get upto date case status for DEBTS RECOVERY TRIBUNAL CHANDIGARH (DRT 2) in Chandigarh. Get notifications for hearing date, new order or judgement for your case in Chandigarh DEBTS RECOVERY TRIBUNAL CHANDIGARH (DRT 2).
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Jul 18, 2022 · About Debt Recovery Tribunal The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) were established under the Recovery of Debts and Bankruptcy Act (RDB Act), 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institutions. At present, 39 Debts Recovery Tribunals (DRTs) and 5 Debts Recovery Appellate Tribunals (DRATs) are functioning across the country. Each DRT and DRAT are headed by a Presiding ...
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Contents owned and maintained by DEBTS RECOVERY TRIBUNAL No. 2 4th Floor Dewa Tower, 770-A, Anna Salai Chennai -600002, Tamil Nadu, INDIA. Phone : +91-44-28498015 Fax : +91-44-28498013 E-mail : drt2chennai-dfs[at]nic[dot]in Website designed and hosted by National Informatics Centre, Chennai || Disclaimer National Informatics Centre, Chennai || Disclaimer
Learn about the composition, functions and jurisdiction of the Debts Recovery Tribunals (DRTs) and the Debts Recovery Appellate Tribunals (DRATs) in India.
Nov 1, 2023 · Introduction. The Debt Recovery Tribunal (DRT) system in India was introduced as a response to the growing issue of Non-performing Assets (NPAs) and the need for a dedicated mechanism to resolve disputes related to debt recovery.. The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act) led to the establishment of DRTs.; These tribunals were set up to provide a quicker and more efficient alternative to civil courts for adjudicating matters related to the recovery ...
