Debt Recovery Tribunals (DRT)

Debt Recovery Tribunals (DRTs) are specialized courts established to streamline the recovery of loans and debts, primarily for financial institutions like banks. They provide a quicker, more efficient legal process for resolving disputes related to unpaid debts, avoiding lengthy traditional court procedures. DRTs handle cases concerning large sums of money owed, ensuring creditors can recover their dues promptly while providing debtors a fair hearing. Established under specific laws, DRTs aim to reduce the burden on regular courts and facilitate effective debt recovery, promoting financial stability and trust in lending systems.