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The Debt Recovery Tribunal is a specialised forum where banks pursue recovery of larger dues. Understanding it helps you know what stage a case has reached.
What the DRT does
The DRT hears applications from banks and financial institutions to recover dues above a threshold amount. It is a legal forum with its own procedure and timelines.
Borrowers have the right to be represented and to present their case.
What it means for you
If a matter reaches the DRT, timely, informed responses matter. Settlement can often still be pursued in parallel, subject to the bank's agreement.
Frequently asked questions
Can I still settle once a case is at the DRT?
Often yes — banks may agree to a settlement even during proceedings. It remains at the bank's discretion.
Do I need representation at the DRT?
It is a legal forum, so informed representation helps you present your case and protect your rights.
Any settlement, restructuring, or waiver outcome is decided solely by the respective bank or financial institution. This guide is educational and does not guarantee approval.
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