1.

Debt Recovery Tribunals which were set up after the passing of Recovery of Debts due to Banks and Financial Institutions Act (RDBBFI), 1993. This Act was amended in?1). 20162). 20143). 20154). 2017

Answer»
  • To rejuvenate the DRTs include the RDBBFI amendment 2016.
  • The amendment gives timelines for various steps in the adjudication PROCESS before the debt recovery TRIBUNALS. Time limit for filing of WRITTEN statements, passing of orders, appeals, etc. have been reduced
  • The Act Empowers the Central Government to provide for uniform procedural rules for the proceedings in the Debts Recovery Tribunals and Appellate Tribunals.
  • At present, there are 33 DRTs and 5 DRATs FUNCTIONING at various parts of the country.


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