Question

    What is the minimum amount required for a case to fall

    under the jurisdiction of the Debt Recovery Tribunal (DRT)?
    A ₹5 lakh Correct Answer Incorrect Answer
    B ₹10 lakh Correct Answer Incorrect Answer
    C ₹15 lakh Correct Answer Incorrect Answer
    D ₹20 lakh Correct Answer Incorrect Answer
    E ₹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 ₹20 lakh or more.

    Practice Next
    More Previous Year Paper Questions
    ask-question