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    Question

    What is the minimum amount required for a case to fall

    under the jurisdiction of the Debt Recovery Tribunal (DRT)?
    A тВ╣5 lakh Correct Answer Incorrect Answer
    B тВ╣10 lakh Correct Answer Incorrect Answer
    C тВ╣15 lakh Correct Answer Incorrect Answer
    D тВ╣20 lakh Correct Answer Incorrect Answer
    E тВ╣25 lakh Correct Answer Incorrect Answer

    Solution

    As per the Recovery of Debts and Bankruptcy Act, 1993, the DRT has jurisdiction in cases where the debt amount is тВ╣20 lakh or more.

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