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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.
Mumbai DEBT RECOVERY APPELLATE TRIBUNAL - MUMBAI Case Status: Get upto date case status for DEBT RECOVERY APPELLATE TRIBUNAL - MUMBAI in Mumbai. Get notifications for hearing date, new order or judgement for your case in Mumbai DEBT RECOVERY APPELLATE TRIBUNAL - MUMBAI.
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The Debts Recovery Tribunal (DRT) must confine its decision only to the pleadings made by the applicant. The DRT should not go into the pleadings of respondents/ defendants and adjudicate their claim for apportioning of the sale proceeds of assets secured to the applicant. Read more...
***Hon'ble Justice S. Ravi Kumar has assumed charge as Chairperson, DRAT, Chennai w.e.f.09.03.2022 (FN)*
