TaxTMI 
TaxTMI 
Debts Recovery Tribunals (DRTs)
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....ebts Recovery Tribunals (DRTs) <br>News and Press Release<br>Dated:- 8-4-2017<br><BR>The Government has set up 39 Debts Recovery Tribunals (DRTs) in different parts of the country. The number of cases....
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.... (Original Applications) disposed by DRTs in past four years is as following: Financial Year No. of Cases Disposed (OA) 2013-14 13699 2014-15 14219 2015-16 16525 2016-17 (till 31st October, 2....
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....016) 11997 To strengthen the DRTs, this Department has, inter-alia, taken the following steps: i. The Recovery of Debts Due to Banks and Financial Institutions (RDDB & FI) Act, 1993 and Securitisa....
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....tion and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act), 2002 were amended by the Enforcement of Security Interest and Recovery of Debts Laws & Miscellaneou....
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....s Provisions (Amendment) Act, 2016 for expeditious adjudication and speedier resolution of defaulted loans. ii. Six new DRTs have been established at Bengaluru, Chandigarh, Dehradun, Ernakulam, Hyder....
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....abad and Siliguri during 2016-17 bringing the total number of DRTs to 39. iii. IT infrastructure has been upgraded in DRTs. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Mi....
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....nistry of Finance in written reply to a question in Lok Sabha.<BR> News - Press release - PIB....