Definition
A court decree ordering payment of a specific sum of money by the judgment debtor to the decree holder. In debt recovery, a money decree from a DRT can be executed by the Recovery Officer. A money decree from a civil court is executed through the execution court under Order XXI CPC. Recovery Certificate issued by DRT has the force of a money decree.
Related Terms
Recovery CertificateExecutionDRT
Need Expert Advice on Money Decree?
For specific advice on how Money Decree applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates