About

Debt Recovery Tribunal (DRT) is a specialized quasi-judicial body in India established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Its primary purpose is to facilitate the expeditious recovery of debts owed to banks and financial institutions, particularly non performing assets (NPAs). Headed by a Presiding Officer, DRTs have the authority to adjudicate claims and pass orders for the recovery of outstanding debts, thereby reducing the burden on regular civil courts. These tribunals play a crucial role in protecting the interests of lenders while ensuring a fair and legal process for borrowers. Over the years, DRTs have contributed significantly to improving the efficiency of the banking and financial sector in India by resolving disputes related to defaulted loans and enhancing financial discipline.