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DRT AND INDEMNITY
What does DRT stand for and under which Act was it established?
DRT stands for Debt Recovery Tribunal, established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act).
Under which Act were Debt Recovery Tribunals (DRTs) established in India?
The Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
What is the minimum debt threshold for filing a case before the DRT?
A bank or financial institution can file a case before the DRT for recovery of debts of Rs. 20 lakh and above.
What is the full form of RDDBFI Act?
Recovery of Debts Due to Banks and Financial Institutions Act.
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