Debt Recovery Tribunal (DRT)

The Debt Recovery Tribunal (DRT) is a specialized court in India established to expedite the resolution of loan and debt recovery disputes between banks, financial institutions, and borrowers. It handles cases related to non-performing assets (NPAs), ensuring a quicker and more efficient process compared to regular courts. DRTs follow a simplified procedure to recover unpaid dues, making it easier for lenders to retrieve their loans while providing borrowers a structured legal framework to resolve disputes. They are an important part of India's financial system, helping maintain stability and confidence in banking operations.