Debt Recovery Tribunals

Monetary limit for filing cases in Debt Recovery Tribunals doubled to Rs 20 lakh, says govt

The move is aimed at helping reduce pendency of cases in Debt Recovery Tribunals (DRTs).

Parliamentary panel approves debt recovery law with changes

The panel recommended that passing of an ex-parte order after the show cause notice of 30 days of the service of summons may be a violation of the principles of natural justice.

8,167 wilful defaulters owe banks Rs 76,685 cr, says Arun Jaitley

Congress member Digvijay Singh expressed concern over the poor conviction rate in such matters which, as per the details provided by the Finance Minister, was just 1.14 per cent during 2015-16.

Govt brings Bill for expeditious disposal of debt recovery pleas pending before tribunals

Amid furor over Vijay Mallya loan default matter, the government on Wednesday introduced in the Lok Sabha a Bill which provides for expeditious disposal of debt recovery applications pending before tribunals.

Rajan takes his fight against crony capital further with his 'non-cooperative borrower' tag

The RBI is tightening the screws against crony borrowers who manage to delay repayments and loan recoveries to banks endlessly using chinks in the system