List of all DRTs in india | List of all DRATs in india
DRT full form: DRT stands for Debt Recovery Tribunal. It is a specialized quasi-judicial body established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, to provide speedy adjudication and recovery of debts due to banks and financial institutions in India.
DRAT full form: DRAT stands for Debt Recovery Appellate Tribunal. It is an appellate authority where parties aggrieved by the decisions of the Debt Recovery Tribunal (DRT) can file appeals. DRAT was established under the Recovery of Debts and Bankruptcy Act, 1993 to provide speedy adjudication and recovery of debts due to banks and financial institutions.
SARFAESI full form: SARFAESI stands for “Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. It is an Indian law enacted in 2002 to empower banks and financial institutions to recover non-performing assets (NPAs) by enforcing security interests without court intervention. The act allows lenders to take possession of secured assets like residential or commercial properties and auction them to recover defaulted loans, thus facilitating faster and more efficient loan recovery and reducing NPAs in the financial system.
NPA full form: NPA stands for Non-Performing Asset. It is a loan or advance given by a bank or financial institution on which the borrower has defaulted in making principal or interest payments for a specified period, typically 90 days or more. When a loan stops generating income for the lender because repayment is overdue beyond this period, it is classified as an NPA. This classification indicates that the asset has become non-performing and is not yielding any returns for the bank.
The DRTs are located in various cities across the country, including but not limited to:
- Ahmedabad: DRT-I and DRT-II
- Allahabad:
- Bengaluru: DRT-I and DRT-II
- Chennai: DRT-1, DRT-2, and DRT-3
- Chandigarh:
- Coimbatore:
- Cuttack:
- Dehradun:
- Delhi: DRT-I, DRT-II, and DRT-III
- Ernakulam: DRT-I and DRT-II
- Guwahati:
- Hyderabad: DRT-I and DRT-II
- Jabalpur:
- Jaipur:
- Kolkata: DRT-I, DRT-II, and DRT-III
- Lucknow:
- Madurai:
- Mumbai: DRT-I, DRT-II, and DRT-III
- Nagpur:
- Patna:
- Pune:
- Ranchi:
- Siliguri:
- Visakhapatnam:
Debts Recovery Appellate Tribunals (DRATs): DRAT, Allahabad, DRAT, Chennai, DRAT, Delhi, DRAT, Kolkata, and DRAT, Mumbai.
DRATs in India:
DRAT Allahabad:
Handles appeals from DRTs in Allahabad, Dehradun, Jabalpur, Lucknow, Patna, and Ranchi.
DRAT Chennai:
Handles appeals from DRTs in Chennai (1, 2, 3), Bengaluru (1, 2), Coimbatore, Ernakulam (1, 2), and Madurai.
DRAT Delhi:
Handles appeals from DRTs in Delhi (1, 2, 3), Chandigarh (1, 2, 3), and Jaipur.
DRAT Kolkata:
Handles appeals from DRTs in Kolkata (1, 2, 3), Hyderabad (1, 2), Vishakhapatnam, Siliguri, Cuttack, and Guwahati.
DRAT Mumbai:
Handles appeals from DRTs in Mumbai (1, 2, 3), Ahmedabad (1, 2), Aurangabad, Nagpur, and Pune.
