The Debt Recovery Tribunal (DRT) was established for speedy recovery of debts owed to banks and financial institutions. It operates under the Recovery of Debts and Bankruptcy Act, 1993. DRTs handle cases involving defaulted loans where the debt amount exceeds the prescribed limit. Proceedings before the tribunal are less formal than civil courts, enabling quicker disposal of cases. Banks and financial institutions approach the DRT to recover dues, while borrowers have the right to defend their case and seek relief. The tribunal may pass recovery orders, attach property, or issue recovery certificates. DRT plays a significant role in strengthening the financial system by ensuring timely resolution of loan recovery disputes.