We provide comprehensive legal representation and advisory services for matters related to the DRT Debt Recovery Tribunal. Our experienced team has in-depth knowledge of banking, finance, and debt enforcement laws. We represent both financial institutions and borrowers before the DRT Debt Recovery Tribunal and the Debt Recovery Appellate Tribunal (DRAT) with precision and dedication.
The Debt Recovery Tribunal is a specialized body established under the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act). It was created to ensure fast and efficient recovery of debts owed to banks and financial institutions. The tribunal provides a cost-effective and time-bound process for recovering secured and unsecured loans without involving regular civil courts.
In addition, DRTs handle cases involving debts above ₹20 lakhs. They also deal with matters under the SARFAESI Act, 2002, such as enforcing security interests and taking possession of secured assets.
We offer complete legal support in all DRT-related issues, including:
Filing Original Applications (OAs) before DRT for debt recovery
Enforcing security under the SARFAESI Act
Drafting and serving demand, possession, and sale notices
Representing clients before DRT and DRAT
Assisting in recovery through attachment, sale, or auction of assets
Challenging wrongful or excessive recovery proceedings
Filing Securitization Applications (SAs) under the SARFAESI Act
Defending against possession or auction of secured properties
Negotiating settlements and one-time settlement (OTS) agreements
Filing appeals before the Debt Recovery Appellate Tribunal (DRAT)
Fast and time-bound resolution of debt recovery cases
Fair adjudication of loan, guarantee, and security-related claims
Right to appeal DRT orders before the DRAT
Legal relief for both creditors and borrowers
Civil courts are restricted from handling matters under DRT jurisdiction