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.
In India, which of the following regulatory mechanisms was NOT in existence to enforce regulation of the industrial sector?
Which Indian air exercise conducted in 2024 focuses on improving interoperability with Friendly Foreign Countries?
Which Indian bank has the lowest net NPAs as of FY24?
Who were the recipients of the Indira Gandhi Peace Prize for 2023, and for what contributions?
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Recently ‘e-stamp facility’ has been launched by which state/UT?
