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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.

Khadija Khan

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]

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

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