Debt recovery in India is a complex process that involves a deep understanding of financial law, procedural precision, and strategic advocacy. The Debt Recovery Tribunal (DRT) serves as a specialised forum for resolving disputes between banks or financial institutions and defaulting borrowers. With the increasing volume of financial litigation, the demand for experienced and strategic best drt lawyers in delhi has grown significantly. Understanding the Debt Recovery Tribunal (DRT) The DRT was established under the Recovery of Debts and Bankruptcy Act, 1993 , to ensure faster adjudication and recovery of debts due to financial institutions. Before DRTs were introduced, debt cases were handled in civil courts, which often led to prolonged litigation and delayed justice. Today, DRTs operate in major cities across India, including Delhi, Mumbai, and Chennai, offering a streamlined process for financial claims exceeding ₹20 lakh. The tribunals deal with cases under both the Recovery of...
Debt recovery in India is a complex process that involves a deep understanding of financial law, procedural precision, and strategic advocacy. The Debt Recovery Tribunal (DRT) serves as a specialised forum for resolving disputes between banks or financial institutions and defaulting borrowers. With the increasing volume of financial litigation, the demand for experienced and strategic best drt lawyers in delhi has grown significantly. Understanding the Debt Recovery Tribunal (DRT) The DRT was established under the Recovery of Debts and Bankruptcy Act, 1993 , to ensure faster adjudication and recovery of debts due to financial institutions. Before DRTs were introduced, debt cases were handled in civil courts, which often led to prolonged litigation and delayed justice. Today, DRTs operate in major cities across India, including Delhi, Mumbai, and Chennai, offering a streamlined process for financial claims exceeding ₹20 lakh. The tribunals deal with cases under both the Recovery of...