Debt Recovery Process in Nepal
The Debt Recovery Tribunal in Nepal plays a crucial role in recovering non-performing loans under the Financial Sector Reform Program. Established as per the Act on Recovery of Debt of Bank and Financial Instrument, 2058 (2002), the tribunal ensures timely recovery of outstanding debts for banks and financial institutions. This article outlines the tribunal’s composition, jurisdiction, appeal process, debt recovery procedures, and compliance requirements. It also covers the appellate tribunal's role, dispute resolution timelines, and enforcement mechanisms, ensuring a structured and transparent debt recovery process.