Representation and advisory work in recovery proceedings before Debt Recovery Tribunals, for both creditors and borrowers.
Debt Recovery Tribunals were established under the Recovery of Debts and Bankruptcy Act, 1993 to provide a faster forum than ordinary civil courts for banks and financial institutions to recover outstanding dues. Proceedings before the DRT, and appeals before the Debt Recovery Appellate Tribunal (DRAT), follow a distinct procedure with its own timelines and evidentiary practice.
Recovery applications on behalf of creditors, defence of recovery proceedings on behalf of borrowers and guarantors, matters connected with the SARFAESI Act, 2002, and appeals before the DRAT.
Common issues include limitation, the validity of security interests, procedural objections to recovery applications, and disputes over the quantum of outstanding dues.
Because DRT timelines move quickly once a recovery application is admitted, early engagement — whether pursuing recovery or defending against it — materially affects the available options.
