what is debt recovery tribunal ?

Question Posted / swathirec

Answers were Sorted based on User's Feedback

what is debt recovery tribunal ?..

Answer / 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.

Is This Answer Correct ?

31 Yes

8 No

what is debt recovery tribunal ?..

Answer / s balasubramanian

Govt. of India formed DRT (Debt Recovery Tribunal) to speed
up the recovery in the case of Non-performing assets of
Banks, Financial Institutions etc.

It took much time to clear the cases by Court earlier. As
the NPA stake of Banks/FIs went up sharply without any
resolution, DRT was formed to deal with such cases. They
will issue Recovery Certificate once the case is disposed.

Is This Answer Correct ?

22 Yes

9 No

what is debt recovery tribunal ?..

Answer / kanika

kind of court which hear cases only realted to debt(loans)
recovery.

Is This Answer Correct ?

19 Yes

10 No

Post New Answer

More Banking Finance Interview Questions

Give brief information about gst?

0 Answers

Is There Any Restriction On Maximum Number of Share Holders in Public Limited Company?

0 Answers Joint Stock Company,

What are the advantages and disadvantages of proprietary firms?

0 Answers

Hi...im doin ma project in retail banking n ma topic s "study of performance of various retail loan produts in a bank"...can any1 throw light on developing a questionnaire on this... it shd include the diff categories of loans in it Thanxxx in advance

0 Answers

explain different types of leases?

2 Answers

What does 'call' in marketing mean?

0 Answers Bank of Baroda,

what is finance?

4 Answers TCS,

What is E-Governance?

1 Answers

what are options?

7 Answers

What are adjustment entries?