Read detailed DRT legal questions and professional answers provided by experienced DRT lawyers to help users understand banking disputes, SARFAESI matters, debt recovery procedures, and legal remedies.
Question:
What is DRT?
Answer:
DRT stands for Debts Recovery Tribunal. The tribunal was set up with the primary objective to adjudicate and recover debts quickly. Debts Recovery Tribunal is established primarily under the Recovery of Debts and Bankruptcy Act, 1993 for banks and financial institutions.