Debt Recovery Tribunal (DRT): Speedy Recovery of Loans

Описание: The Debt Recovery Tribunal (DRT) plays a crucial role in strengthening India’s banking and financial system.
It was established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to provide a specialized mechanism for the speedy recovery of debts, especially large loans that often get stuck in lengthy legal battles.

In this video, we explain everything you need to know about DRT in simple and easy language:

🔹 What is Debt Recovery Tribunal (DRT)?
🔹 Why was DRT established?
🔹 Objectives of DRT – faster recovery of loans, reducing burden on civil courts, and maintaining financial discipline.
🔹 Jurisdiction – when and where DRT is applicable (cases above ₹20 lakhs).
🔹 Composition – Presiding Officer, Recovery Officer, and their roles.
🔹 Powers of DRT – attachment of property, interim orders, and recovery of debts.
🔹 Appeal Mechanism – How to approach DRAT (Debt Recovery Appellate Tribunal).
🔹 Role of High Court and Supreme Court in rare cases.
🔹 Final conclusion – How DRT helps banks reduce NPAs, strengthens the economy, and ensures credit discipline.

This video is a complete guide to DRT (Debt Recovery Tribunal)