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What is Debt Recovery Process in India about?

The presentation outlines the legal framework for debt recovery in India, detailing the roles of Debt Recovery Tribunals (DRTs) and the processes involved under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. It explains the classification of debt recovery procedures based on the amount owed and the establishment and powers of DRTs and Debt Recovery Appellate Tribunals (DRATs

Author

MehulPrajapati

Language

EN