Debt Recovery Tribunal

The Debt Recovery Tribunal (DRT) is a specialized judicial body in India, established under the Recovery of Debts and Bankruptcy Act, 1993 (originally known as the Recovery of Debts Due to Banks and Financial Institutions Act). Its primary purpose is to facilitate the speedy recovery of debts owed to banks and financial institutions by individuals or companies.

DRTs have jurisdiction over cases involving debts of ₹20 lakhs or more. They handle matters like loan defaults, asset recovery, and disputes involving secured creditors under the SARFAESI Act, 2002.

Each DRT is headed by a Presiding Officer and ensures a streamlined and efficient resolution process, reducing the burden on regular courts. Appeals against its orders can be made to the Debt Recovery Appellate Tribunal (DRAT).