DRAT / DRT
Cause Lists
Stuck in Cash crunch? Looking for alternative finance to bounce back? Call Mrs. Sharma on 080-49538322 or 8884342463.
WhatsApp us on: +91-9968265868
On Auction M&A Options Assets-Wanted Investment-Options Services Judgments Legal Query Event Gallery

Login
User ID
Password

Forgot Password ?
New Visitor
Sign up
Why Sign up?

DRT Laws
DRT Act
DRAT Rules
DRT Rules
DRT Regulations
SARFAESI Act
SARFAESIA Rules
Other Acts
Judgments
Information Desk
RTI
Blog
Forms
Legal FAQs
Auction Rules
Grievance Desk
RBI Notifications
Legal Dictionary
Official Liquidator
Gazette Notifications
Courts & Judiciary
Ombudsman Scheme

Tribunals
DRTs/ DRATs
Holiday List

Cause List
Choose Tribunal


Choose a Bench


Choose Date
BankDRT Workshops
Auction Participants
Asset Owners
Borrowers
Guarantors
Trade Associations
Recovery Officers/ Auction Officers/ Authorized Officers

Services
Legal
Investment
Funding
Due Diligence
Debt Restructuring
Valuation
Asset Advertise
Asset Resolution
M & A
FADS

Group Therapy
Bar Association
MSME Association
Borrowers Association

Subscription
Subscription Fee
Payment Modes

Miscellaneous
Photo Gallery
About us
Join Us
Internship
Publications
Post an Article
Disclaimer
Contact Us


BankDRT:: Debts Recovery Tribunal ( DRT, DRT Auctions, DRT Act, DRT Rules) SRFAESI Act

Breaking News
The country's foreign exchange reserves touches $ 635.36 billion for the period April-September 2021.



Media abuzz about Government likely to take final call on cryptocurrency; SEBI, RBI likely to regulate it.



Non registration of bore wells by 31st March 2022 to attract hefty costs and penalties. MSME units should be cautious.



Mortarium on coercive actions under SARFAESI Act becomes ineffective. SCI refuses to take cognizance of actions by Banks and FIs.



Prosecutions before PMLA Courts has started moving hand in hand with proceedings before DRT and NCLT.



Morbi Ceramic units face heat from Gujrat High Court. MSME units must factor environmental issues in their functioning.





MSME Units must plan for Covid-3 impact

The much talked about Covid Phase three has finally arrived. It has started taking  toll in urban clusters and is likely to move to rural areas very soon. The impact off the third phase is likely to be felt even in third and fourth quarter of the current financial year . MSME  units should factor this scenario and plan appropriately to reduce the impact. 

Read Full Article...


What should lthe limitation be for filing recovery claims?
Should limitation for DRT suits be reduced ?

Law provides filing of debt recovery suits upto 3 years of signing an AOD and upto 12 years in case of mortgages. Another law enjoins Banks to declare an account as NPA within 90 days of its default and start imposing penal levies. Is it time to harmonize these two laws and save the borrower the burden of paying usurious levies? Time to discuss!

Read Full Article...


A compromise deed should be a proper document

A document to be called as ‘deed of compromise’ must bear signatures of both the parties. A one sided exchange of letters cannot be called as ‘compromise settlement’. Most borrowers, and some times even bankers take mere exchange of letters as a document and base their claims on them which has no legal status.

Read Full Article...




Metro Exporters P. Ltd. & Another v. State Bank of India & Others

Decision by Supreme Court of India

Read Full Judgment...


Ram Kishun & Ors. vs. State of U.P. & Ors.

Only so much of asset should sold as is necessary to repay the debt.  Sale of excess assets is fatal to the auction.

Long possession should not be disturbed as the auction purchaser could have made substantial investments on the land and constructed buildings etc.

While challenging a auction sale, it is necessary that all persons who were party to the proceedings, at any stage should,  should be made party to the case. Leaving out parties would be fatal to the case and the Court cannot proceed to hear  the case.
 

Read Full Judgment...


Bharat International & Anr Vs. State Bank of Travancore & Anr.

Consumer Disputes Redressal Forum can hear a complaint of a person, against whom the DRT has passed an order of Recovery

The issue before the National Consumer Disputes Redressal Commission is different from the one before the Debt Recovery Tribunal

The Consumer Dispute Redressal Forums cannot hear complaints on the amounts decreed by the Debt Recovery Tribunals.

Read Full Judgment...




Hot Trending Topics


Don’t litigate as a reflex action. Plan it properly

Caught with its pants down, HSBC Bank agrees to pays $ 101 million to ward off criminal proceedings.

Do you have a dedicated lawyer on call? Try this scheme.

Do you know tenants cannot be evicted under the SARFAESI Act?








More Articles from our Archive

Bank must produce original title deed for claiming equitable mortgage on the property.

When setting aside a auction – sale, grant of interest to auction purchaser is the discretion of the Court.

Unlawful Compromise is unenforceable.

A few transactions does not convert a NPA into PA

No special clauses for tenants in DRT Act
FAQ on RECEIVERS

1. Who are Receivers in the Debts Recovery Tribunal?
2. Why are Receivers appointed by the Debts Recovery Tribunal?
3. How are Receivers appointed by the Debts Recovery Tribunal?
4. Who bears the costs of a Receiver appointed by the Debts Recovery Tribunal?
5. How are amounts paid to the Receivers by the Debts Recovery Tribunal?

Read Full FAQ...


FAQ on ATTENDENCE OF WITNESSES

1. What is enforcement of attendance of a witness before Debts Recovery Tribunal?
2. How can I seek the presence of a particular person as a witness before the Debts Recovery Tribunal?
3. Who has to bear the expenditure towards summoning of a witness before the Debts Recovery Tribunal?
4. Can a person refuse to appear before the Debts Recovery Tribunal?
5. Are there any grounds when the Debts Recovery Tribunal can excuse a person from appearing before it as a witness?

Read Full FAQ...


FAQ on BANKER’S BOOK OF EVIDENCE ACT

1. Is the Banker’s Book of Evidence Act applicable through out the country?
2. Is the Banker’s Book of Evidence Act applicable to proceedings before the DRTs?
3. Are all Banks covered under the Banker’s Book of Evidence Act?
4. To what kind of proceedings is the Banker’s Book of Evidence Act applicable?
5. What is a Certified copy of Banker’s Book?

Read Full FAQ...











Do you have a query?
Ask us now !!! 		NPA is not the end of the World-it's just a pause! For Help Click here Go To FAQs on DRT, DRAT, Debt Resolution.
© BankDRT Informatic Services