The DRTs in Delhi, Mumbai, and Chennai now have jurisdiction over all cases involving debt amounts of INR 100 crore or more, according to the Central Government.
The following three DRTs will have the authority to handle matters involving more than 100 crore, in accordance with a notification released on Tuesday by the Ministry of Finance:
- Debts Recovery Tribunal No 1, Chennai,
- Debts Recovery Tribunal No 3, Delhi,
- Debts Recovery Tribunal No 1. Mumbai.
The other tribunals, whose authority is set forth in the announcement, will handle cases involving less than Rs 100 crore.