A quasi-judicial body is a non-judicial body which can interpret law. It is an entity such as an arbitration panel or tribunal board , which can be a public administrative agency but also a contract - or private law entity, which has been given powers and procedures resembling those of a court of law or judge and which is obliged to objectively determine facts and draw conclusions from them so as to provide the basis of an official action. Such actions are able to remedy a situation or impose legal penalties, and they may affect the legal rights, duties or privileges of specific parties.
7-692: Debt Recovery Tribunal is a quasi-judicial body formed under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 to facilitate recovery of loans by banks and financial institutions to the customers. Orders of the Debt Recovery Tribunal are appealable before the Debts Recovery Appellate Tribunal. Government of India selects the presiding officer in the Tribunal. The Tribunal
14-418: A quasi-judicial body require findings of facts to reach conclusions of law that justify the decision. They usually depend on a predetermined set of guidelines or criteria to assess the nature and gravity of the permission or relief sought, or of the offense committed. Decisions of a quasi-judicial body are often legally enforceable under the laws of a jurisdiction; they can be challenged in a court of law, which
21-412: A very specific area of expertise and authority, such as land use and zoning , financial markets , employment law , public standards, and/or a specific set of regulations of an agency. The decisions of such a body are often made after a quasi-judicial proceeding , which may resemble a court. There are some key differences between judicial and quasi-judicial bodies, in that: In general, decisions of
28-511: Is based on Debt Recovery Tribunals Act for a debt which is more than Rs 20,00,000. The Jurisdiction extends to whole of India except to the state of Jammu and Kashmir . Debts Recovery Tribunals (DRTs) were formed under Banks and Financial Institutions (RDDBFI) Act, 1993 to facilitate debt recoveries by banks and financial institutions and to design an effective mechanism to recover their dues speedily without being subjected lengthy process of civil courts. The objective of Debt Recovery Tribunal
35-437: Is to ensure recovery of borrowed money from debtors which are due to banks and various financial institutions. Their role is limited to settling the claims and ensure the balance amount related to non-performing assets as categorised by the banks as per the provisions of RBI guidelines are recovered. Debt Recovery Tribunal has powers of District Court for any claims before it relating to recovery of Debts. The Recovery officer in
42-817: The constitution has been made ineffective. The act is applicable for due amount above Rs. 20, 00,000. The act is also applicable even if the preliminary application for Debts recovery had been filed only by Banks and the Financial Institutions. Debt recovery tribunals are set up in 39 places and The debt recovery appellate tribunals are based in 5 places, in India, they are; Mumbai , Delhi , Kolkata , Allahabad , and Chennai . Debt Recovery Tribunal faces understaffing challenges with most positions not being filled up in time. Quasi-judicial body Such bodies usually have powers of adjudication in such matters as: Their powers are usually limited to
49-546: The tribunal is responsible to execute the recovery orders sanctioned by the Presiding Officers. DRT is bound to follow the legal procedure by laying emphasis on quick disposal of the cases and efficient and effective disposal of orders. Debt Recovery Tribunal consists of Presiding and Recovery officers. Debt Recovery Tribunal is applicable for below cases The Debt Recovery Tribunal Act is applicable in entire India including Jammu & Kashmir after article 370 of
#855144