About Debt Recovery Tribunal
The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) were established under the Recovery of Debts and Bankruptcy Act (RDB Act), 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institutions.
At present, 39 Debts Recovery Tribunals (DRTs) and 5 Debts Recovery Appellate Tribunals (DRATs) are functioning across the country. Each DRT and DRAT are headed by a Presiding Officer and a Chairperson respectively.
Debt Recovery Laws
Recovery of Debts and Bankruptcy (RDB Act), 1993 is an Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to Banks and Financial Institutions and for matters connected therewith or incidental thereto
Securitization & Reconstruction of Financial Assets & Enforcement of Security Interest (SARFAESI) Act, 2002 is an Act to regulate securitisation and reconstruction of Financial Assets and enforcement of security interest and for matters connected therewith or incidental thereto.
Debts Recovery Tribunals and Debts Recovery Appellate Tribunals
The Debts recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunal (DRATs) have been established under RDB Act, 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institutions.
At present, 39 DRTs and 5 DRATs are functioning across the country. Each DRT and DRAT are headed by a Presiding Officer and a Chairperson respectively.
Disposal OA and SA registered cases data from 2017-18 to 2023-24
| Financial Year | No. of OA* cases disposed of | Amount involved in OA cases (Rs. in Crore) | No. of SA** cases disposed of | Amount involved in SA cases (Rs in Crore) |
|---|---|---|---|---|
| 2017-18 | 26078 | 67263.91 | 5851 | 44045.06 |
| 2018-19 | 33224 | 146888.93 | 9459 | 80819.86 |
| 2019-20 | 30069 | 111106.57 | 10301 | 64588.13 |
| 2020-21 | 8058 | 26267.04 | 3754 | 38187.12 |
| 2021-22 | 13069 | 91940.25 | 6330 | 54007.32 |
| 2022-23 | 29124 | 190905.18 | 13061 | 92071.25 |
| 2023-24 | 36395 | 164110.44 | 16146 | 141684.93 |
| Total | 176125 | 798789.92 | 64914 | 515437.22 |
**OA: Original Application filed by Banks/Financial Institutions.
**SA: Application under SARFAESI Act filed by Borrowers/Guaranters/Third Party