The early years of the 21st century witnessed a devastating need for a special tribunal to adjudicate the perpetual customer-debt crisis faced by banks and other financial institutions including the massive default of business loans taken by private sector companies. The functioning of Debt Recovery Tribunals achieved a perpendicular success; the efficient quasi-judicial settlement did not stray too much from litigation but the burden on … Continue reading Debt Recovery Tribunals In An IBC-Era: A Progressive Redundancy