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]