Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993? A. DRTs B. DRATs C. ATs D. Both (A) and (B) E. None of the Above

Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993? A. DRTs B. DRATs C. ATs D. Both (A) and (B) E. None of the Above
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D. Both (A) and (B) Explanation: The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunal (DRATs) were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institution.
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