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 the monetary limit for filing recovery proceedings before DRT?
Answer:
The pecuniary jurisdiction of DRT for filing RDB Act recovery proceedings was enhanced from ₹10 lakh to ₹20 lakh vide notification issued under Section 7(1) of the RDB Act.