Debt Recovery Appellate Tribunal (DRAT) in India: Role, Jurisdiction, Challenges & Reforms
The Debt Recovery Appellate Tribunal (DRAT) serves as the appellate authority for decisions rendered by the Debt Recovery Tribunals (DRTs) in India. Established under the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act), the DRAT plays a pivotal role in the expeditious adjudication and recovery of debts owed to banks and financial institutions. Its […]