DRT
The Debt Recovery Tribunal (DRT) adjudicates matters relating to recovery of debts by banks and financial institutions. Our practice covers original applications, securitisation appeals, and counter-claims before the DRT.
Our Process
- 1Assessment of debt recovery claims and available defenses
- 2Filing of counter-claims and written statements
- 3Challenging proceedings under the SARFAESI Act
- 4Representation during final hearings
- 5Appeals before the DRAT if necessary
Defense of Borrowers
We represent borrowers and guarantors defending against recovery proceedings initiated by banks and financial institutions, examining the validity of claims and identifying available legal defenses.
SARFAESI Appeals
Under Section 17 of the SARFAESI Act, borrowers can challenge actions taken by secured creditors. We file and argue securitisation applications before the DRT.
Frequently Asked Questions
What is the jurisdiction of DRT?
DRT has jurisdiction over debt recovery matters where the amount of debt due is Rs. 20 lakhs or more.
Can DRT grant interim relief?
Yes, DRT can pass orders for interim measures including attachment before judgment and other protective orders.
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