Debt Recovery Tribunal

The new Bill does not bring back the tribunals abolished under the 2021 rationalisation exercise. Its main change is to replace the 2021 system for running and staffing the remaining tribunals

FinMin calls on DRTs to engage borrowers in smaller cases outside tribunals to alleviate pendency burden

Asset transfers to the corporation are getting held up due to delay in clearance by states

Protracted litigation, safeguarding bankers' interest also led to the action

The DRT has sold shares worth over Rs 5,800 crore of United Breweries that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against Vijay Mallya

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans

With apex court's backing, banks to speed up enforcing personal guarantees

A bench of Justices Nariman and S Ravindra Bhat observed that Mallya has not deposited a single penny to the banks so far.

In ICICI Bank's DRT plea, Karvy group's chairman and managing director C Parthasarthy, was also listed as one of the respondents

Relay BV is a promoter entity of United Spirits

At the end of December 2015, 69, 659 cases were pending with 33 DRTs