Banking · Legal Aspects of Banking

Under the DRB Act, 1993, which party is required to pay the prescribed fee when filing an appeal with the Debts Recovery Appellate Tribunal (DRAT)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The Recovery Officer, who executes the Recovery Certificate.
2The Bank or Financial Institution, only when filing an Original Application (OA).
3The Appellant (Bank or Borrower), who is filing the appeal with the DRAT.✓
4The Presiding Officer, who adjudicates the case.

Correct answer

The Appellant (Bank or Borrower), who is filing the appeal with the DRAT.

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