Question
How many Debt Recovery Appellate Tribunals (DRATs) are
currently functioning across the nation?Solution
“Debt Recovery Tribunals (DRTs)” have been pivotal in facilitating the prompt resolution of debt recovery cases and expediting recovery proceedings. With 39 DRTs and 5 Debt Recovery Appellate Tribunals (DRATs) currently functioning across the nation, the tribunals have played a crucial role in easing the burden on banks and financial institutions by enabling the timely recovery of loans. The swift adjudication of matters pertaining to debt recovery has significantly reduced the backlog of cases and ensured the efficient functioning of the overall recovery process.
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