Debt Recovery Tribunal

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debt recovery tribunal

The Debt Recovery Tribunal (DRT) is a specialized legal authority in India established to ensure fast and effective recovery of debts owed to banks and financial institutions. It handles cases related to loan defaults, secured assets, and enforcement of financial claims under relevant laws. DRT proceedings are streamlined, meaning disputes are resolved more quickly than traditional court litigation. Borrowers and lenders can present their claims, defenses, and supporting documents before the Tribunal for a fair judgment. With expert legal guidance, parties can navigate compliance, protect financial interests, and achieve timely debt resolution while maintaining accountability within the lending system.

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