{"id":20650,"date":"2026-05-04T15:15:27","date_gmt":"2026-05-04T09:45:27","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=20650"},"modified":"2026-05-04T15:43:36","modified_gmt":"2026-05-04T10:13:36","slug":"debt-recovery-of-tribunal","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/debt-recovery-of-tribunal\/","title":{"rendered":"Debt Recovery Tribunals"},"content":{"rendered":"<h2><b>Debt Recovery Tribunals Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Department of Financial Services (DFS) convened a colloquium of Chairpersons of Debt Recovery Appellate Tribunals and Presiding Officers of Debt Recovery Tribunals (DRTs) in New Delhi.<\/span><\/p>\n<h2><b>About Debt Recovery Tribunals<\/b><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">DRTs are <\/span><b>quasi-judicial bodies<\/b><span style=\"font-weight: 400;\"> established under the <\/span><b>Recovery of Debts Due to Banks and Financial Institutions Act, 1993.<\/b><\/li>\n<li><b>Role:<\/b><span style=\"font-weight: 400;\"> Their primary role is <\/span><b>adjudicating debt recovery<\/b><span style=\"font-weight: 400;\"> disputes related to <\/span><b>banks and financial institutions.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">DRTs handle loan default <\/span><b>cases above \u20b920 lakh<\/b><span style=\"font-weight: 400;\">, focusing on secured debts.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">DRTs also <\/span><b>hear Securitisation Applications<\/b><span style=\"font-weight: 400;\"> (SAs) filed under the <\/span><strong><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/sarfaesi-act-2002\/\" target=\"_blank\">SARFAESI Act<\/a><\/strong><span style=\"font-weight: 400;\">, 2002 by borrowers or aggrieved parties.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">There are currently <\/span><b>39 DRTs functioning across India<\/b><span style=\"font-weight: 400;\">, each headed by a Presiding Officer.<\/span><\/li>\n<li><b>Composition<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">A DRT is presided over by a <\/span><b>judicial officer<\/b> <b>qualified to be a District Judge.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">It can also <\/span><b>have administrative and technical members<\/b><span style=\"font-weight: 400;\"> appointed by the Central Government.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><b>Powers of DRTs<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Summon and examine witnesses,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compel the production of documents,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Receive evidence on affidavits,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Review or dismiss applications,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conduct ex parte proceedings,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Issue commissions for document and witness examination.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Jurisdiction of DRTs:<\/b><span style=\"font-weight: 400;\"> Each DRT has a <\/span><b>territorial jurisdiction defined by the Central Government.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Jurisdiction is limited to cases involving debt recovery by banks and financial institutions.<\/span><\/li>\n<\/ul>\n<p><strong>Source: <a href=\"https:\/\/www.newsonair.gov.in\/department-of-financial-services-reviews-tribunal-reforms-and-recovery-mechanisms\/\" target=\"_blank\" rel=\"nofollow noopener\">News On Air<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt Recovery Tribunals are quasi-judicial bodies established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.<\/p>\n","protected":false},"author":5,"featured_media":101649,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[7323,21,23],"class_list":{"0":"post-20650","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-debt-recovery-tribunals","9":"tag-prelims-pointers","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/20650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=20650"}],"version-history":[{"count":4,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/20650\/revisions"}],"predecessor-version":[{"id":101746,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/20650\/revisions\/101746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/101649"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=20650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=20650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=20650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}