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what is debt recovery tribunal ?
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Answer Posted / s balasubramanian
Govt. of India formed DRT (Debt Recovery Tribunal) to speed
up the recovery in the case of Non-performing assets of
Banks, Financial Institutions etc.
It took much time to clear the cases by Court earlier. As
the NPA stake of Banks/FIs went up sharply without any
resolution, DRT was formed to deal with such cases. They
will issue Recovery Certificate once the case is disposed.
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