Lawyers For Debt Recovery Tribunal

• January 21, 2024
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To recoup the loan, the lender may file a case under the RDDBFI Act with the DRT. The DRT may issue recovery certificates and take possession of the borrower's belongings in order to collect the debt. Debt recovery tribunal attorneys can assist you in presenting your case and improving your legal knowledge. The purpose of Debt Recovery Tribunals is to enable customers of banks and other financial institutions to quickly retrieve unpaid debt from them. Following the passage of the Recovery of Debts owing to the Banks and Financial Institutions Act (RDBBFI), 1993, DRTs were established. A individual or organization that feels wronged by the DRT's orders may file an appeal with the Debt Recovery Appellate Tribunal (DRAT). The appeal will not be considered by the DRAT.

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