DRT Full Form In English
The full form of DRT is Debt Recovery Tribunal.A Debt Recovery Tribunal is a specialized court in India that handles cases related to the recovery of debts by banks and financial institutions. It was established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Its main purpose is to provide a fast and efficient way to recover overdue loans and debts without burdening regular courts.
DRT Full Form In Hindi
DRT का फुल फॉर्म है डेट रिकवरी ट्रिब्यूनल।डेट रिकवरी ट्रिब्यूनल भारत में एक विशेष अदालत है, जो बैंकों और वित्तीय संस्थानों द्वारा ऋण वसूली से संबंधित मामलों को संभालती है। इसे Recovery of Debts Due to Banks and Financial Institutions Act, 1993 के तहत बनाया गया था। इसका मुख्य उद्देश्य लंबित ऋण और देनदारियों की तेजी से वसूली करना है।
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Frequently Asked Questions
What is the purpose of DRT?
To recover debts quickly by banks and financial institutions.
Who can file a case in DRT?
Banks and financial institutions.
Can individuals approach DRT?
Only if a bank or financial institution files a debt recovery case against them.
What is the appellate authority for DRT decisions?
Debt Recovery Appellate Tribunal.
Conclusion
DRT or Debt Recovery Tribunal ensures fast recovery of debts in India, reducing the burden on regular courts and promoting financial discipline.