>
DRAT / DRT
Cause Lists
Looking to buy assets at Bank auctions? Seek expert due-diligence report before participating in a auction.
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

Government Announces Merger Of Bank of Baroda, Dena Bank And Vijaya Bank Much awaited. Without much ado. Who will miss these banks, even in short run?





Minimum pecuniary jurisdiction for approaching DRTs has been increased to Rs. 20 lakhs.





Mr. Raghu Ram Rajaan, the former RBI Governor has blamed the Banks of corruption and inefficiency for the huge NPAs.





A tough message for borrowers with a proclivity for mindless litigations. Bombay HC imposes costs of Rs. 50 lakhs for frivolous litigation. Smart litigation is different from mindless litigation.



RBI cautions public about Fake web site mimicking like RBI to steal critical data from customers.



What is NPA?

NPA stands for non-performing assets, a  word coined by the bankers to the refer to   accounts which have not serviced their interest component for a defined period.   The time period for an account to be declared as non-performing asset varies from PSU banks to private banks to NBFCs.

 

Read Full Article...


NPA norms relaxed for GST registered MSN me units

The Reserve Bank Of India has relaxed  the norms for classification of accounts as Non-Performing Assets in respect of GST registered MSME units.   The time period is  now is 180 days instead of earlier being 90/120 days of delinquency in respect of loans from banks and NBFCs.

Read Full Article...


Relief for Bank Customer under Consumer Protection Act

Read Full Article...




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...


Ultra Tech Cement Ltd. versus Rakesh Kumar Singh & Anr.

Decision by Supreme Court of India

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

Financial jurisdiction of DRT does not change with the change of amount adjudicated.

A sad commentary on the functioning of the Debts Recovery Tribunal.

Arraign all the parties to secure full justice.

DRAT can modify rate of interest pendent elite

Adjournments before DRTs should be a rarity.
FAQ on ADJOURNMENT

1. What are adjournments before the Debts Recovery Tribunal?
2. What is the difference between adjournment and condonation of delay in the Debts Recovery Tribunal?
3. What is the difference between adjournment and asking more time in the Debts Recovery Tribunal?
4. How many times can a person seek adjournment before the Debts Recovery Tribunal?
5. How to seek adjournment before the Debts Recovery Tribunal?

Read Full FAQ...