DRT matters over ₹100 crore to be dealt with by tribunals at Delhi, Chennai and Mumbai

As per a notification released by the Ministry of Finance, all cases involving a debt amount of ₹100 crores and above will be transferred to the DRTs of the three cities.
Debt Recovery Tribunal
Debt Recovery Tribunal
Published on
1 min read

The Central government has transferred the Debt Recovery Tribunal (DRT) jurisdictions of all applications involving debt amount of ₹100 crores and above to the DRTs at Delhi, Mumbai and Chennai.

According to a notification published on Tuesday by the Ministry of Finance, the following three DRTs will have the jurisdiction to deal with matter involving more than 100 crore:

  • Debts Recovery Tribunal No 1, Chennai,

  • Debts Recovery Tribunal No 3, Delhi,

  • Debts Recovery Tribunal No 1. Mumbai.

The other tribunals will deal with the applications involving less than Rs 100 crore and will have jurisdiction as specified in the notification.

[Read notification]

Attachment
PDF
DRT Notification October 4.pdf
Preview
Also Read
Frame rules to prioritize disposal of DRT cases having claim amounts of Rs. 100 crores or more: Delhi High Court to Centre
Bar and Bench - Indian Legal news
www.barandbench.com