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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).
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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.
The Debt Recovery Appellate Tribunal at Chennai was established by Government of India vide Gazette notification issued by the Ministry of Finance on 17th February, 2000 to hear and adjudicate on appeals preferred against the judicial orders passed by the Presiding Officers of various Debt Recovery Tribunals functioning in the Southern region ...
