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Debt Recovery Tribunal is a quasi-judicial body formed under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 to facilitate recovery of loans by banks and financial institutions to the customers. Orders of the Debt Recovery Tribunal are appealable before the Debts Recovery Appellate Tribunal.
Bankruptcy and Insolvency Adjudicator: The Code proposes two separate tribunals to oversee the process of insolvency resolution, for individuals and companies: (i) the National Company Law Tribunal for Companies and Limited Liability Partnership firms; and (ii) the Debt Recovery Tribunal for individuals and partnerships. [citation needed]
The Court said that a borrower may appeal against the lender in the debt recovery tribunal, without having to deposit 75% of the amount of the debt. If the tribunal does not stay the order, the lender may sell the assets.
The new code will speed up the resolution process for stressed assets in the country. It attempts to simplify the process of insolvency and bankruptcy proceedings. It handles the cases using two tribunals like NCLT (National company law tribunal) and Debt recovery tribunal. Dr. Navrang Saini, Dr. Ms. Mukulita Vijayawargiya and Sh.
Appellate Tribunal for Electricity [6] Central Administrative Tribunal [7] Customs, Excise and Service Tax Appellate Tribunal [8] Cyber Appellate Tribunal [9] Debt Recovery Tribunal [10] Income Tax Appellate Tribunal [11] National Company Law Tribunal [12] National Green Tribunal [13] Railway Claims Tribunal [14]
The National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies. National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1 June 2016.
2. In 2021 September, Delhi Lok Adalat or Delhi State Legal Services Authority (DSLSA) organised National Lok Adalat on many issues in Delhi High Courts, Delhi District Courts, Debt Recovery Tribunals (DRTs), State Commission and District Consumer Forums, Delhi. [15]
Pages in category "Indian Tribunals" The following 19 pages are in this category, out of 19 total. ... Debt Recovery Tribunal; G. Godavari Water Disputes Tribunal; I.