>
DRAT / DRT
Cause Lists
BankDRTs One Day Capsule Work-Shop on Buying Properties/ Stressed Assets at Bank Auctions on 24.12.2017 at New Delhi
WhatsApp us on:
+91-9968265868
On Auction M&A Options Assets-Wanted Investment-Options Services Judgments Legal Query Event Gallery
Welcome Guest. Please Register Members, login  
 
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

DRT Siliguri notified and work re-distributed amongst DRTs in Kolkatta and DRT Siliguri





DRT-3 Chandigarh notified and work amongst DRT-1,2 & 3 Chandigarh re-distributed



No money to put up for litigation? Consider indigence route!

There many instances where a person has to either defend a case or institute a case, but has no money to do so. In such situations  there is a provision to peruse his legal remedies without having to pay Court Fees. 

Read Full Article...


Stuck with GST Credits? Take Loans against it through SBI’s MSME Assit!

Many MSME units are having problems with their GST credit inputs which is blocking their working capital.  Now banks are coming with schemes to offer loans against GST credits with MSME units.

Read Full Article...


Expect more aggressive resolution of NPAs by SBI

The State Bank of India is most likely to enter into a more aggressive NPA resolution mode in the coming weeks or months.

Read Full Article...


Guarantors beware you have no protection before DRTs.

At law guarantors responsibility and liability is more than that of the principle borrower.  But does not mean that we must stop standing as guarntors for our near and dear ones.  Take simple precautions and look after your interests.

Read Full Article...


The DRTs cannot enlarge the demand from what was sought in the S. 13(2) Notice

The notice under section (u/s) 13(2) of the SRFAESI Act is the corner stone of initiating recovery proceedings against a borrower. The DRTs must scrupulously follow what was intended in the original S. 13(2) notice and not enlarge it by adding other accounts.

Read Full Article...


DRAT have powers to condone delays in filing appeal : SC

The Supreme Court has ruled that Debts Recovery Appellate Tribunal (DRAT) have powers to condone delay in filing appeals under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act 2002 thus settling a very irritating question of law.

Read Full Article...




BANK OF NEW YORK MELLON LONDON BRANCH versus ZENITH INFOTECH LIMITED

Acceptance of filings in Registry and its scrutiny is a clerical/ ministerial work. It involves no judicial activity on the part of the Registry, who have no discretionary powers. The Registry works on delegated ministerial powers only. Therefore the Registry cannot reject an application on any ground.

Since SICA has been abolished matters pending before BIFR/ AAFIR would automatically stand transferred to CLT. A matter on remand from the Supreme Court to BIFR from AAFIR would also stand transferred to CLT.

Read Full Judgment...


Vishal N. Kalsaria Versus Bank of India & Ors.

SARFAESI Act is not superior to State Rent Control Acts

SARFAESI Act cannot be used to bulldoze a tenant out of a mortgaged property without the due process of law under the  local  rent control Laws.

Tenancy created even after mortgage is entitled to same protection as a tenancy before the mortgage.; Tenancy under un-registered agreement is equally valid;
 

Read Full Judgment...


Madhu Bajaj (Smt.) vs. Oriental Bank of Commerce

Where the signatures are disputed it is necessary to get them examined with the help of experts.

The judges must not venture to examine and compare the signatures between those of disputed and admitted ones.

Read Full Judgment...


All NPA accounts to be declared Willful defaulters?



Banks race against each other to declare Vijally Mallya as willful defaulter.



United Bank of India declares Vijay Mallya as Willful defaulter.



Other Banks may follow suit and declare Vijay Mallya as Willful defaulter.



Big debate – whether the procedure for declaring a person as a Willful defaulter is judicious, transparent and non arbitrary? Send us your views




More Articles from our Archive

Liberal construction should be granted to beneficial statues: SC.

What should lthe limitation be for filing recovery claims?

Guarantors are co-extensively responsible.

Stakes for crown debts should be laid at the time of Recovery Proceedings.

Revenue Recovery Act can be invoked to execute decrees: Kerala High Court
FAQ on NON PERFORMING ASSETS

1. What is non-performing assets?
2. How are non-performing assets classified?
3. I have a cash-credit account which does not involve any fixed amount to be deposited by any fixed days. Can such a account also be classified as NPA?
4. What is “Out of Order” account?
5. What was the duration of in activity earlier before which the account was classified as NPA?

Read Full FAQ...