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The Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) provides speedy redressal to lenders and borrowers through filing of Original Applications (OAs) in Debts Recovery Tribunals (DRTs) and appeals in Debts Recovery Appellate Tribunals (DRATs).
The Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) provides speedy redressal to lenders and borrowers through filing of Original Applications (OAs) in Debts Recovery Tribunals (DRTs) and appeals in Debts Recovery Appellate Tribunals (DRATs).
Jul 18, 2022 · 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.
Debt Recovery Tribunal is a quasi-judicial body formed under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 to facilitate recovery of loans by banks and financial institutions to the customers.
Reserve Bank of India circular on liberalizing the earlier Corporate Debt Restructuring Scheme
Apr 10, 2020 · Debt Recovery Tribunals (DRTs) in India are specialized tribunals established to facilitate the expeditious adjudication and recovery of debts by banks and financial institutions.
2 days ago · Indian banks are currently facing a significant backlog in debt recovery cases, which, at the present rate, will take seven years to resolve, as reported by the Economic Times. Over 200,000 cases are awaiting resolution in Debt Recovery Tribunals (DRTs), which manage about 30,000 to 40,000 cases ...
