We provide expert legal services in matters before the Debt Recovery Appellate Tribunal (DRAT), offering strategic appellate solutions for banks, financial institutions, corporate borrowers, and individual clients. Our experienced DRAT lawyer team handles complex appeals arising out of DRT orders and SARFAESI proceedings with precision and dedication.
The Debt Recovery Appellate Tribunal (DRAT) is the appellate body established under the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act). It hears appeals against orders passed by the Debt Recovery Tribunals (DRTs) in cases involving recovery of debts due to banks and financial institutions, and also appeals under the SARFAESI Act, 2002.
DRAT plays a vital role in ensuring fair and just adjudication by reviewing decisions of DRTs and protecting the legal rights of all stakeholders involved in debt disputes.
We offer end-to-end assistance and representation for:
Banks & Financial Institutions:
Filing and defending appeals against DRT orders
Drafting high-quality appellate pleadings and submissions
Strategic enforcement of recovery actions upheld by DRT
Legal support for execution of recovery certificates
Borrowers, Guarantors & Property Owners:
Filing appeals to challenge adverse DRT or SARFAESI orders
Seeking stay of recovery, auction, or possession proceedings
Relief from coercive actions and wrongful classification of assets
Advisory on compliance with pre-deposit requirements and legal formalities
Appellate forum for DRT and SARFAESI-related orders
Protection against erroneous or arbitrary DRT decisions
Required pre-deposit of 50% of the debt amount for borrowers (may be reduced to 25% at the discretion of the Tribunal)
Efficient and time-bound appellate mechanism
Our DRAT lawyers ensure each case is handled strategically, focusing on achieving swift and fair resolutions for our clients.