Debt Recovery Tribunal Litigation
DRT & DRAT Legal Representation
Debt Recovery Tribunal and Appellate Tribunal proceedings require a clear account of the banking facility, outstanding claim, security package, pleadings, recovery record and the exact order or measure under consideration.
Tribunal matters may involve
Loan documents, account statements, security, guarantees, defaults and the quantified recovery claim.
Liability, account reconciliation, security enforcement, limitation, contractual issues and procedural objections.
Recovery certificates, Recovery Officer proceedings, attachment or sale issues and related applications.
Impugned DRT orders, appellate grounds, statutory requirements and interim relief strategy.
Tribunal preparation framework
Identify facilities, parties, account statements and security.
Build a chronology of default, notices, restructuring and recovery steps.
Frame the claim or response against the banking and documentary record.
Identify the correct Tribunal, appellate or Recovery Officer route.
Statutory framework
The Recovery of Debts and Bankruptcy Act, 1993 establishes Debts Recovery Tribunals and Appellate Tribunals and provides for recovery applications, appeals and recovery mechanisms. India Code.
Related service
See SARFAESI Proceedings and our Banking & Finance practice.
Fastrack Legal Solutions LLP
DRT and DRAT matters should be prepared from the actual banking record and procedural chronology. Facility documents, account statements, security and the order under consideration should be reviewed together.
General information only; not solicitation or legal advice for any specific matter.