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Post by: Karthiga in Insolvency
Debt Recovery Tribunal Debt Recovery Tribunals were created to facilitate the speedy recovery of debt payable to banks and other financial institutions by their customers. DRTs was set up after the passing of Recovery of Debts due to Banks and…
Post by: IndiaFilings in Legal
Debt Recovery Bill, 2016 The Debt Recovery Tribunals (DRT) was primarily set up for the organized and speedy recovery of debts payable to banks and financial institutions. In this article, we review the Debt Recovery Tribunal (DRT), purpose and resultant legislative improvements as well…