DRT Order and Judgement DRT Daily Orders, DRT Case Status, DRT Cause List

DRT Order and Judgement DRT Daily Orders, DRT Case Status, DRT Cause List

• DRAT Case Status
• DRT Case Status
• RC/TRC Case Status
• DRT Cause List
• RC Cause List
• DRAT Cause List
• DRAT’s Order / Final Order
• DRT’s Daily / Final Order
• RC / TRC
• Diary Number Case Number Party Name
• Diary No. Case No. Party / Judge Name DRAT’s Daily / Final Order

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List of DRT in India (Debt Recovery Tribunal)

Debt Recovery Tribunals (DRTs) in India are quasi-judicial bodies established under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993. Their primary function is to facilitate the recovery of loans owed to banks and financial institutions, providing a specialized mechanism to resolve disputes related to debt recovery more efficiently than traditional civil courts.

The Debt Recovery Tribunal (DRT) in India is a specialized legal forum created to help banks and financial institutions recover dues from borrowers more effectively. Established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI), 1993, it provides an alternative to the regular court system to handle cases of financial recovery more quickly and efficiently.

Debt Recovery Tribunals (DRTs) in India are quasi-judicial bodies established under the Recovery of Debts and Bankruptcy Act, 1993. Their primary objective is to provide expeditious adjudication and recovery of debts due to banks and financial institutions.

Background and Purpose

The establishment of DRTs was a response to the increasing problem of Non-Performing Assets (NPAs) in the banking sector. Prior to the creation of DRTs, cases related to debt recovery were handled by civil courts, which often resulted in significant delays due to procedural complexities. The DRT system aimed to expedite this process by offering a dedicated forum for these specific types of cases.

Structure and Composition

Each DRT is headed by a Presiding Officer, who is appointed by the Central Government and must be qualified as a District Judge. The tribunal also includes Recovery Officers who assist in executing recovery orders. Currently, there are 39 DRTs and 5 Debt Recovery Appellate Tribunals (DRATs) across India, with DRATs serving as appellate bodies for decisions made by DRTs

There are 39 DRTs and 5 DRATs, which are single Member Tribunals. The jurisdiction of DRATs and list of DRTs is as below:

DRAT in India (Debt Recovery Appellate Tribunal)

The Debt Recovery Appellate Tribunal (DRAT) is a crucial component of India’s financial and judicial system, established to facilitate the recovery of debts owed to banks and financial institutions. It operates under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, which was enacted to expedite the adjudication process for debt recovery, thereby alleviating the burden on traditional civil courts.

The Debt Recovery Appellate Tribunal (DRAT) in India is an appellate authority that hears appeals against the orders passed by Debt Recovery Tribunals (DRTs). It is part of a specialized judicial system established to handle cases involving the recovery of debts by banks and financial institutions.

DRAT stands for Debt Recovery Appellate Tribunal in India. It is a specialized tribunal established under the Recovery of Debts and Bankruptcy Act, 1993. DRATs are responsible for hearing and adjudicating appeals against the orders passed by Debt Recovery Tribunals (DRTs).

Here’s a comprehensive overview of the DRAT:

Background and Purpose

DRATs were established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act), now known as the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act), to expedite the process of recovering loans and debts for banks and other financial entities. The DRAT functions as an appellate body above DRTs, which handle the initial cases of debt recovery.

Structure and Functioning

• Establishment: DRATs were constituted as appellate bodies to hear appeals against the decisions made by the Debt Recovery Tribunals (DRTs). Currently, there are five DRATs located in major cities: Mumbai, Delhi, Kolkata, Chennai, and Allahabad.
• Jurisdiction: Each DRAT has jurisdiction over appeals arising from DRT orders within its designated region. They can hear appeals against final orders, interim directions, and other specific orders issued by DRTs.
• Composition: Each DRAT is headed by a Chairman appointed by the Central Government. The tribunal functions with a quasi-judicial framework, ensuring that principles of natural justice are upheld.

Appeal Process

• Filing Appeals: Affected parties must file their appeals within 45 days of receiving a DRT order. However, extensions may be granted under certain circumstances if justified.

Tribunal Jurisdictions of DRT in India (Debt Recovery Tribunal)

DRAT Allahabad (Jurisdiction over 6 DRTs)

DRAT Chennai (Jurisdiction over 9 DRTs)

DRAT Delhi (Jurisdiction over 7 DRTs)

DRAT Kolkata (Jurisdiction over 9 DRTs)

DRAT Mumbai (Jurisdiction over 8 DRTs)