What is the maximum and min limit of DRT under Sarfaesi Act?

The term "DRT" refers to Debt Recovery Tribunals, which are established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (also known as the RDDBFI Act). However, the SARFAESI Act (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) provides for a mechanism for the recovery of secured loans by banks and financial institutions without the intervention of the court.

Under the SARFAESI Act, the minimum amount of debt required for the bank or financial institution to take action is one crore rupees (₹1,00,00,000). There is no maximum limit specified under the SARFAESI Act.

However, in terms of the Debt Recovery Tribunals (DRT) under the RDDBFI Act, the minimum amount of debt required to approach a DRT is twenty lakh rupees (₹20,00,000). Again, there is no maximum limit specified under the RDDBFI Act for approaching the DRT.

So, to summarize:

• SARFAESI Act: Minimum debt limit is ₹1 crore, and there is no maximum limit.
• RDDBFI Act (DRT): Minimum debt limit is ₹20 lakhs, and there is no maximum limit.