Debt Recovery Tribunal (DRT)

Debt Recovery Tribunal (DRT) Definition: The Debt Recovery Tribunal (DRT) was established under the RDDBFI Act (1993) to enable the expeditious adjudication and recovery of debts explicitly due to banks and financial institutions.

Why it matters in Debt Collection

• Only debts exceeding ₹20 Lakhs can be filed before the DRT.
• Designed specifically to bypass the massive backlogs of standard Indian civil courts.
• A DRT's decision can only be challenged in an Appellate Tribunal (DRAT) by depositing a percentage of the debt.