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Debt Recovery Tribunal
Under which Act were Debt Recovery Tribunals (DRTs) established in India?
DRTs were established under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993, to provide a faster mechanism for banks to recover dues.
What does DRT stand for in Indian banking law?
Debt Recovery Tribunal
What is the minimum debt amount for which a case can be filed before a DRT?
A case can be filed before a DRT for recovery of debts of Rs. 20 lakh and above.
What does DRAT stand for in the context of DRT appeals?
Debt Recovery Appellate Tribunal
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