DRT & Bank Recovery
DRT & Bank Recovery
Debt Recovery Tribunals adjudicate disputes related to recovery of debts owed to banks and financial institutions.
Legal Scope
Proceedings are governed by the Recovery of Debts and Bankruptcy Act and SARFAESI Act.
Nature of Legal Work
Includes:
- Filing of original applications
- Reply statements
- SARFAESI challenge proceedings
- Appeals before DRAT
- Execution of recovery certificates