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The Debts Recovery Tribunals
have been established by the
Government of India under an
Act of Parliament (Act 51 of
1993) for expeditious
adjudication and recovery of
debts due to banks and
financial institutions.
Debts Recovery Tribunal is
the appellate authority for
appeals filed against the
proceedings initiated by
secured creditors under
Sub-Section (4) of Section
13 of the Securitization and
Reconstruction of Financial
Assets and Enforcement of
Security Interest Act 2002.
Debts Recovery Tribunal,
Madurai was
established in
January 2007. |
