Overview
Debts Recovery Tribunals decide recovery claims of banks and financial institutions and hear challenges to measures taken under the SARFAESI Act. We represent both borrowers and lenders in these specialised proceedings.
Services
- Original Applications for recovery by banks
- Defence for borrowers and guarantors
- Securitisation Applications under Section 17 of the SARFAESI Act
- Interim relief against possession or sale of secured assets
- Appeals before the Debts Recovery Appellate Tribunal
- Settlement and one-time settlement documentation
Matters We Handle
- Recovery of loans and advances
- Challenge to possession, auction or sale notices
- Disputes over valuation and sale of secured assets
- Guarantor and mortgagor liability
- Set-off and counterclaims
- Settlement of tribunal proceedings
Our Approach
DRT proceedings turn on documents and accounts. We review the loan record, the security and the bank’s notices closely, and act quickly where the matter is time-sensitive.
Frequently Asked Questions
What does the Debts Recovery Tribunal deal with?
It deals with recovery of debts due to banks and financial institutions above a prescribed threshold, and with applications challenging certain measures taken by secured creditors under the SARFAESI Act.
Can an auction of my property be stopped?
Depending on the facts, interim relief may be sought from the tribunal, usually on conditions. The remedy is time-sensitive, so seek advice as soon as you receive a notice.
These answers are general information, not legal advice. Laws, statutory periods and procedures should be checked by an advocate before publication and applied to the facts of each matter.