General Studies · Debt Recovery Tribunal Jurisdiction
Under the current legal framework in India, what is the primary jurisdiction for a bank to file an application for the recovery of a loan debt amounting to 15 lakh rupees from a borrower?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Consumer Disputes Redressal Commission
- 2High Court of the state
- 3Debt Recovery Tribunal (DRT), as it has exclusive jurisdiction for all bank recovery applications
- 4District Civil Court, as the debt amount is below the threshold for the Debt Recovery Tribunal (DRT)✓
Correct answer
District Civil Court, as the debt amount is below the threshold for the Debt Recovery Tribunal (DRT)
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