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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 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.
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Nov 1, 2023 · 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.
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Enter your case details for DEBT RECOVERY APPELLATE TRIBUNAL - DELHI to check latest ecourts case status, next hearing date in DEBT RECOVERY APPELLATE TRIBUNAL - DELHI, and case orders for your case in DEBT RECOVERY APPELLATE TRIBUNAL - DELHI.
Hon'ble Justice Syed Nazim Husain Zaidi is Chairperson of Debts Recovery Appellate Tribunal (DRAT) Delhi Amount resulting from fraud is also a debt. Amounts arising out of fraud or forgeries are also a ‘debt’.
