Definition
An order issued by the DRT Presiding Officer in favour of a bank or financial institution directing recovery of the debt as certified. The RC has the effect of a decree of a civil court and is executed by the Recovery Officer of the DRT, who may arrest the debtor, attach and sell property, appoint a Receiver, and recover the debt by all means available under the RDDB Act.
Related Terms
DRTOriginal ApplicationRecovery Officer
Need Expert Advice on Recovery Certificate (RC)?
For specific advice on how Recovery Certificate (RC) 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