Debt Recovery Tribunals (DRTs) were established with the objective of systematic and speedy recovery of debts, primarily owed to banks and financial institutions. This article examines the Debt Recovery Tribunals (DRTs), their objectives and associated legal improvements, and the key features of the Debt Recovery Bill, 2016. To address these deficiencies, the Union Finance Minister passed the Bill in Parliament in 2016. 11 May 2016 Enforcement of Security Interest and Recovery of Debts and Other Provisions (Amendment) 2016, also known as the Debt Recovery Bill, to strengthen DRTs and speed up disposal of non-performing asset

Managing a money recovery case requires a strategic and methodical approach to ensure that you reclaim owed funds effectively. Our team specializes in handling disputes related to unpaid debts, loan defaults, and other financial recoveries. We meticulously assess your situation, develop a tailored strategy, and take proactive steps to recover the money you are rightfully owed. From negotiating settlements to pursuing legal action, we employ a comprehensive approach to maximize your chances of success. Our commitment is to provide clear guidance and assertive representation throughout the recovery process, ensuring that your financial interests are safeguarded and that you achieve a favorable outcome.