Under the Recovery of Debts and Bankruptcy Act, 1993, what is the minimum debt amount for which a bank or financial institution can file an application before the Debt Recovery Tribunal (DR

Explanation:  Under  Section 1(4) read with Section 17 of the RDDBFI Act, 1993 , the Debt Recovery Tribunal (DRT) has jurisdiction to entertain and decide applications from banks and financial institutions for recovery of debts of  ₹10 lakh and above . Cases below this threshold are not maintainable before the DRT and must be pursued through the regular civil court system. This minimum threshold was fixed to ensure that only substantially significant debt recovery cases occupy the DRT's docket, thereby reducing the burden on civil courts for larger banking disputes.