Recovery of Debts Due to Banks and Financial Institutions Act, 1993

GPTKB entity

Statements (19)
Predicate Object
gptkbp:instanceOf Indian legislation
gptkbp:alsoKnownAs DRT Act
gptkbp:amendedBy Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016
gptkbp:appliesTo banks
financial institutions
gptkbp:dateEnacted 1993
gptkbp:enactedBy gptkb:Parliament_of_India
https://www.w3.org/2000/01/rdf-schema#label Recovery of Debts Due to Banks and Financial Institutions Act, 1993
gptkbp:jurisdiction gptkb:India
gptkbp:officialGazetteDate 27 August 1993
gptkbp:providesFor establishment of Debt Recovery Appellate Tribunals
establishment of Debt Recovery Tribunals
gptkbp:purpose expedite recovery of debts due to banks and financial institutions
gptkbp:relatedTo Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
gptkbp:repealedBy The Insolvency and Bankruptcy Code, 2016 (partially)
gptkbp:shortName RDDBFI Act
gptkbp:status in force (with amendments)
gptkbp:bfsParent gptkb:Debt_Recovery_Tribunal
gptkbp:bfsLayer 7