what is debt recovery tribunal ?
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Answer Posted / baji shaik
The Debts Recovery Tribunals have been established by the
Government of India under an Act of Parliament (Act 51 of
1993) for expeditious adjudication and recovery of debts
due to banks and financial institutions.
Debts Recovery Tribunal is the appellate authority for
appeals filed against the proceedings initiated by secured
creditors under Sub-Section (4) of Section 13 of the
Securitization and Reconstruction of Financial Assets and
Enforcement of Security Interest Act 2002.
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