PSBs told to speed up recovery at tribunals

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As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs.

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New Delhi , Delhi , India , Bhagwat Karad , , Presiding Officers , Bankruptcy Act , Debt Recovery Tribunals , Psbs , Drts , Bankruptcy , Banks , Legal Representatives , Amendments , Rbi , Pendency , Sarfaesi ,

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