Debt Recovery Lawyer In Ghorahi

Debt Recovery Tribunal in Nepal: Process, Appeal & Implementation

The Debt Recovery Tribunal in Nepal is a dedicated legal body established under the Act on Recovery of Debt of Bank and Financial Instrument, 2058. It facilitates timely recovery of non-performing loans for banks and financial institutions. This article explains the tribunal's composition, jurisdiction, legal procedure, appeal mechanisms, enforcement powers, compromise provisions, and debt recovery officer authority. It also highlights borrower and guarantor liabilities and timelines for decisions and appeals. Whether you're a financial institution or a borrower, this guide offers a full overview of the structured debt resolution system in Nepal.