Multiple choice

Disputes arising in cases under SARFAESI Act can be referred to which of the following?

  1. Lok Adalt

  2. District Courts and High Courts

  3. DRT and DRAT

  4. Any of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

DRT - Debts Recovery Tribunal or DRAT - Debts Recovery Appellate Tribunal. The borrowers, in many cases, continue having negotiations with the Bank Officials and it will consume a lot of time. It is only when the borrowers feel that they may not get their dispute or grievance settled with the Bank, that they will approach the Tribunal or the Courts.

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