The Debt Recovery Tribunal (DRT) of India is a specialized legal body that deals with cases related to the recovery of debts due to banks and financial institutions. It was established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act). The primary objective of the DRT is to provide a speedy and efficient mechanism for the recovery of outstanding debts.

Key functions of the DRT where our Law Firm effectively deals for multiple clients:

• Adjudication of applications filed by banks and financial institutions for the recovery of debts.
• Enforcement of security interest in the case of secured debts.
• Recovery of debts due to banks and financial institutions.
• Sale of secured assets for the recovery of dues.
• Facilitation of settlements between creditors and debtors.

The DRT operates under the jurisdiction of the Ministry of Finance, Government of India, and has several benches located across the country to ensure accessibility to litigants. The tribunal follows a summary procedure to expedite the resolution of cases and aims to provide a cost-effective remedy to banks and financial institutions for recovering their dues.

Our Law Firm has scale and capacity to handle the cases in all major cities including Delhi/Lucknow/Mumbai DRTs & DRATS