Understanding Judicial Delays in Debt Tribunals

The Insolvency and Bankruptcy Code passed by the Lok Sabha last week envisages Debt Recovery Tribunals (DRTs) as the adjudicating authority for individuals and partnership firms. When originally set up, DRTs were expected to resolve cases within a limit of 180 days. But experience tells us that judicial delay is as much of a problem in the DRTs as with other courts.

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Last Updated August 16, 2022, 08:41 (UTC)
Created March 20, 2022, 05:43 (UTC)
geography All India
published 2021-02-15T17:07:03.744205
sector Judiciary