We provide workable solutions to all
problems arising out of Debts Recovery.We draft or redraft your claims or counter claims, loss
and damages in DRTs
under DRT Act or Securitisation Act.
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Do you have a bank loan? Have your name been included in CIBIL with negative score? Do you wish to restructure or enhance your existing loan? Have you been proceeded against by the lender? Have you been issued 13(2) notice by the lender?
Do you need peace of mind and a workable solution for your problems?
The
Government of India has constituted thirty three Debts Recovery
Tribunals and five Debts Recovery Appellate Tribunals across the
country to assist financial
institutions recover their bad debts quickly and efficiently.
LATEST NEWS:Banks have initiated recovery proceedings against many borrowers without adequate reasons. Debt Recovery Matters expert available on every Saturday & Sunday at district headquarters for consultation to help you. Visit with all available details & documents.
The Debts Recovery Tribunal (DRT) enforces provisions of the Recovery of
Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 and
also Securitization and Reconstruction of Financial Assets and
Enforcement of Security Interests (SARFAESI) Act, 2002.
Under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 banks approach the Debts Recovery Tribunal (DRT) whereas, under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002 borrowers, guarantors, or any other person aggrieved by any action of the bank can approach the Debts Recovery Tribunal (DRT).
Debts Recovery Tribunal are located across the country. Some cities have more than one Debts Recovery Tribunals. New Delhi, Mumbai, Kolkata and Chennai have three Debts Recovery Tribunals. Ahmedabad and Chandigarh have two Debts Recovery Tribunal (DRT). One Debts Recovery Tribunal has been constituted at Allahabad, Aurangabad, Guwahati, Hyderabad, Jabalpur, Jaipur, Lucknow, Cuttak, Nagpur, Patna, Pune, Vishakapatnam, Ranchi, Bangalore, Coimbatore, Madurai and Ernakulam.
Under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 banks approach the Debts Recovery Tribunal (DRT) whereas, under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002 borrowers, guarantors, or any other person aggrieved by any action of the bank can approach the Debts Recovery Tribunal (DRT).
Debts Recovery Tribunal are located across the country. Some cities have more than one Debts Recovery Tribunals. New Delhi, Mumbai, Kolkata and Chennai have three Debts Recovery Tribunals. Ahmedabad and Chandigarh have two Debts Recovery Tribunal (DRT). One Debts Recovery Tribunal has been constituted at Allahabad, Aurangabad, Guwahati, Hyderabad, Jabalpur, Jaipur, Lucknow, Cuttak, Nagpur, Patna, Pune, Vishakapatnam, Ranchi, Bangalore, Coimbatore, Madurai and Ernakulam.
Appeals against orders passed by Debts Recovery Tribunal (DRT) lie
before Debts Recovery Appellate Tribunal (DRAT). There are five Debts
Recovery Appellate Tribunal (DRATs) located in the country. A Debts
Recovery Appellate Tribunal (DRAT) is located each at Delhi, Allahabad,
Mumbai, Chennai and Kolkatta conducting circuit sittings in different cities where Debts
Recovery Tribunal (DRTs) are located over which it has appellate
jurisdiction.
There are a number of States that do not have a Debts Recovery Tribunal. The Banks & Financial Institutions and other parties in these States have to go to Debts Recovery Tribunal located in other states having jurisdiction over these area. Thus the territorial jurisdiction of some Debts Recovery Tribunal is very vast. For example, the Debts Recovery Tribunal located in Guwahati has jurisdiction over all the seven North Eastern States. Similarly, the territorial jurisdiction of the Debts Recovery Tribunal-2 Chandhigarh too has a very wide jurisdiction over the States of Punjab, Himachal Pradesh, Harayana and Chandhigarh. The setting up of a Debts Recovery Tribunal is dependent upon the volume of cases. Higher the number of cases within a territorial area, more Debts Recovery Tribunal would be set up.
Each Debts Recovery Tribunal (DRT) is presided over by a Presiding Officer. The Presiding Officer is generally equivalent to the rank of Dist. & Sessions Judge. A Presiding Officer of a Debts Recovery Tribunal is assisted by a number of officers of other ranks, but none of them need necessarily have a judicial background. Therefore, the Presiding Officer of a Debts Recovery Tribunal is the sole judicial authority to hear and pass any judicial order.
Each Debts Recovery Tribunal has two Recovery Officers. The work amongst the Recovery Officers of a Debts Recovery Tribunal (DRT) is allocated by the Presiding Officer of the Tribunal. Though the Recovery Officer of the Tribunal need not be a judicial Officer, the orders passed by a Recovery Officer are judicial in nature, and are appeal-able before the Presiding Officer of the Debts Recovery Tribunal (DRT).
The Debts Recovery Tribunals are governed by the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, also popularly called as the RDDBFI Act. Rules have been framed and notified under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
After the enactment of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, any aggrieved person can approach a Debts Recovery Tribunal (DRT). Earlier only Banks were entitled to approach the Debts Recovery Tribunal (DRT).
The Debts Recovery Tribunal (DRT) are fully empowered to pass comprehensive orders and can travel beyond the Civil Procedure Code to render complete justice. A Debts Recovery Tribunal (DRT) can hear cross suits, counter claims and allow set offs. However, a Debts Recovery Tribunal (DRT) cannot hear claims of damages or deficiency of services or breach of contract or criminal negligence on the part of the lenders. In addition, a Debts Recovery Tribunal (DRT) cannot express an opinion beyond its domain, or the gist pending before it.
The Debts Recovery Tribunal can appoint Receivers, Commissioners, pass ex-parte orders, ad-interim orders, interim orders apart from powers to review its own decisions and hear appeals against orders passed by the Recovery Officers of the Tribunal.
The recording of evidence by Debts Recovery Tribunal is somewhat unique. All evidences are taken by way of an affidavit. Cross examinations is allowed only on request by the defence, and that too if the Debts Recovery Tribunal (DRT) feels that such a cross examination is in the interest of justice. Frivolous cross examination are denied as the same can be brought on record by way of affidavit. There are a number of other unique features in the proceedings before the Debts Recovery Tribunal all aimed at expediting the proceedings.
There are a number of States that do not have a Debts Recovery Tribunal. The Banks & Financial Institutions and other parties in these States have to go to Debts Recovery Tribunal located in other states having jurisdiction over these area. Thus the territorial jurisdiction of some Debts Recovery Tribunal is very vast. For example, the Debts Recovery Tribunal located in Guwahati has jurisdiction over all the seven North Eastern States. Similarly, the territorial jurisdiction of the Debts Recovery Tribunal-2 Chandhigarh too has a very wide jurisdiction over the States of Punjab, Himachal Pradesh, Harayana and Chandhigarh. The setting up of a Debts Recovery Tribunal is dependent upon the volume of cases. Higher the number of cases within a territorial area, more Debts Recovery Tribunal would be set up.
Each Debts Recovery Tribunal (DRT) is presided over by a Presiding Officer. The Presiding Officer is generally equivalent to the rank of Dist. & Sessions Judge. A Presiding Officer of a Debts Recovery Tribunal is assisted by a number of officers of other ranks, but none of them need necessarily have a judicial background. Therefore, the Presiding Officer of a Debts Recovery Tribunal is the sole judicial authority to hear and pass any judicial order.
Each Debts Recovery Tribunal has two Recovery Officers. The work amongst the Recovery Officers of a Debts Recovery Tribunal (DRT) is allocated by the Presiding Officer of the Tribunal. Though the Recovery Officer of the Tribunal need not be a judicial Officer, the orders passed by a Recovery Officer are judicial in nature, and are appeal-able before the Presiding Officer of the Debts Recovery Tribunal (DRT).
The Debts Recovery Tribunals are governed by the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, also popularly called as the RDDBFI Act. Rules have been framed and notified under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
After the enactment of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, any aggrieved person can approach a Debts Recovery Tribunal (DRT). Earlier only Banks were entitled to approach the Debts Recovery Tribunal (DRT).
The Debts Recovery Tribunal (DRT) are fully empowered to pass comprehensive orders and can travel beyond the Civil Procedure Code to render complete justice. A Debts Recovery Tribunal (DRT) can hear cross suits, counter claims and allow set offs. However, a Debts Recovery Tribunal (DRT) cannot hear claims of damages or deficiency of services or breach of contract or criminal negligence on the part of the lenders. In addition, a Debts Recovery Tribunal (DRT) cannot express an opinion beyond its domain, or the gist pending before it.
The Debts Recovery Tribunal can appoint Receivers, Commissioners, pass ex-parte orders, ad-interim orders, interim orders apart from powers to review its own decisions and hear appeals against orders passed by the Recovery Officers of the Tribunal.
The recording of evidence by Debts Recovery Tribunal is somewhat unique. All evidences are taken by way of an affidavit. Cross examinations is allowed only on request by the defence, and that too if the Debts Recovery Tribunal (DRT) feels that such a cross examination is in the interest of justice. Frivolous cross examination are denied as the same can be brought on record by way of affidavit. There are a number of other unique features in the proceedings before the Debts Recovery Tribunal all aimed at expediting the proceedings.
The details of the territorial jurisdiction of each Tribunal constituted as of now are as under:
Debts Recovery Appellate Tribunal Allahabad:- Debts
Recovery Tribunal Allahabad, Debts Recovery Tribunal Lucknow and Debts
Recovery Tribunal Jabalpur.
Debts Recovery Appellate Tribunal Chennai:- Debts Recovery Tribunal Bangalore, Debts Recovery Tribunal Chennai-1, Debts Recovery Tribunal Chennai-2, Debts Recovery Tribunal chennai-3, Debts Recovery Tribunal Coimbatore, Debts Recovery Tribunal Hyderabad, Debts Recovery Tribunal Vishakapatnam, Debts Recovery Tribunal Ernakulam and Debts Recovery Tribunal Madurai.
Debts Recovery Appellate Tribunal Delhi:- Debts Recovery Tribunal Chandhigarh, Debts Recovery Tribunal Delhi-1, Debts Recovery Tribunal Delhi-2, Debts Recovery Tribunal Delhi-3, and Debts Recovery Tribunal Jaipur.
Debts Recovery Appellate Tribunal Kolkata:- Debts Recovery Tribunal Cuttak, Debts Recovery Tribunal Guwahati, Debts Recovery Tribunal Patna, Debts Recovery Tribunal Kolkata-1, Debts Recovery Tribunal Kolkata-2, Debts Recovery Tribunal Kolkata-3, and Debts Recovery Tribunal Ranchi.
Debts Recovery Appellate Tribunal Mumbai:- Debts Recovery Tribunal Ahmedabad, Debts Recovery Tribunal Aurangabad, Debts Recovery Tribunal Mumbai-1, Debts Recovery Tribunal Mumbai-2, Debts Recovery Tribunal Mumbai-3, Debts Recovery Tribunal Nagpur and Debts Recovery Tribunal Pune.
Debts Recovery Appellate Tribunal Chennai:- Debts Recovery Tribunal Bangalore, Debts Recovery Tribunal Chennai-1, Debts Recovery Tribunal Chennai-2, Debts Recovery Tribunal chennai-3, Debts Recovery Tribunal Coimbatore, Debts Recovery Tribunal Hyderabad, Debts Recovery Tribunal Vishakapatnam, Debts Recovery Tribunal Ernakulam and Debts Recovery Tribunal Madurai.
Debts Recovery Appellate Tribunal Delhi:- Debts Recovery Tribunal Chandhigarh, Debts Recovery Tribunal Delhi-1, Debts Recovery Tribunal Delhi-2, Debts Recovery Tribunal Delhi-3, and Debts Recovery Tribunal Jaipur.
Debts Recovery Appellate Tribunal Kolkata:- Debts Recovery Tribunal Cuttak, Debts Recovery Tribunal Guwahati, Debts Recovery Tribunal Patna, Debts Recovery Tribunal Kolkata-1, Debts Recovery Tribunal Kolkata-2, Debts Recovery Tribunal Kolkata-3, and Debts Recovery Tribunal Ranchi.
Debts Recovery Appellate Tribunal Mumbai:- Debts Recovery Tribunal Ahmedabad, Debts Recovery Tribunal Aurangabad, Debts Recovery Tribunal Mumbai-1, Debts Recovery Tribunal Mumbai-2, Debts Recovery Tribunal Mumbai-3, Debts Recovery Tribunal Nagpur and Debts Recovery Tribunal Pune.
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Debts Recovery Tribunal - 1 Ahmedabad:- State of
Gujarat and Union Territories of Dadra & Nagar Haveli, Daman &
Diu.
Debts Recovery Tribunal - 2 Ahmedabad:- The DRT-2 Ahmedabad has been constituted by the Central Government.
Debts Recovery Tribunal Allahabad:- Allahabad, Auraiya, Azamgarh, Ballia, Banda, Basti, Budan, Chandauli, Chitrakut, Deoria, Etah, Etawah, Farrukahabad, Fatehpur, Firozabad, Ghazipur, Gorakhpur, Hamirpur, Jalaun, Jaunpur, Jhansi, Kanauj, Kanpur (Rural), Kanpur (Urban), Kaushambi, Kushinagar, Lalitpur, Haharajganj, Mahoba, Mainpuri, Mau, Mirzapur, Sant Kabir Nagar, Sant Ravi Das Nagar, Sidharthnagar, Sonbhadra, Varnasi districts of Uttar Pradesh & any other area in State of Uttar Pradesh not covered within the jurisdiction of DRTs at Lucknow & Allahabad.
Debts Recovery Tribunal Aurangabad:- Aurangabad, Nanded, Jalna, Beed, Parbhani, Hingoli, Dharashiv, Latur, Ahmadnagar, Jalgaon, Dhule, Nandurbar and Nashik districts of Maharashtra state.
Debts Recovery Tribunal Bangalore:- State of Karnataka.
Debts Recovery Tribunal-1 Chandhigarh:- Himachal Pradesh, Punjab, Haryana and Chandigarh.
Debts Recovery Tribunal-2 Chandhigarh:- Other areas which do not come under DRT-1 of Chandigarh
Debts Recovery Tribunal - 1 Chennai:- Egmore-Nungambakkam and Mylapore-Triplicane Taluk limits of Chennai and Union Territory of Pondicherry.
Debts Recovery Tribunal - 2 Chennai:- Tondiarpet and Mambalam - Guindy Taluk limits of Chennai.
Debts Recovery Tribunal - 3 Chennai:- Perambur-Purasawalkam Taluk limits of Chennai and Districts of Kanchipuram, Tiruvallur, Vellore, Villupuram, Cuddalore, Tiruvannamali, Pudukottai, Thanjavur, Thiruvarur, Nagapattinam, Perambulur and Charmapuri in the State of Tamil Nadu.
Debts Recovery Tribunal Coimbatore:- Districts of Coimbatore and Nilgiris in the State of Tamil Nadu.
Debts Recovery Tribunal Cuttak:- State of Orissa.
Debts Recovery Tribunal Ernakulam:- State of Kerala & Lakshadweep.
Debts Recovery Tribunal Guwahati:- Assam and other North Eastern States and Sikkim.
Debts Recovery Tribunal Hyderabad:- Adilabad, Anantapur, Chittoor, Cuddapah, Hyderabad, Kurnool, Khammam, Karim Nagar, Mehbubnagar, Medak, Nalgonda, Nizamabad, Rangareddi, & Warangal districts of Andhra Pradesh and remaining areas of Andhra Pradesh not covered in the jurisdiction of DRT Vishakhapatnam.
Debts Recovery Tribunal Jabalpur:- States of Madhya Pradesh and Chhattisgarh.
Debts Recovery Tribunal Jaipur:- State of Rajasthan.
Debts Recovery Tribunal-1 Kolkata:- Kolkata city covering the areas of the following police station:-Hare Street, Park Street, Shakespeare Sarani, Bowbazar, Muchipara, Taltolla, Hastings, North Port.
Debts Recovery Tribunal-2 Kolkata:- Al districts of West Bengal (except Kolkata City) and Andaman & Nicobar Islands
Debts Recovery Tribunal-3 Kolkata:- Kolkata City covering the areas of the following police station:- Shyampukur, Jorabagan, Burtolla, Burrabazar, Posta, Jorasanko, Amherst Street and areas of any other police station which may be created in future in Kolkata City.
Debts Recovery Tribunal Lucknow:- The territorial jusrisdiction of the Hon`ble Tribunal covers Ambedkar Nagar, Aligarh, Agra, Barabanki, Balrampur, Bahraich, Bareilly, Bijnor, Bulandshahr, Baghpat, Faizabad, Ghaziabad, Gonda, Gautam Budh Nagar, Hathras, Hardoi, Jyotiba Phule Nagar, Lucknow, Lakhimpur, Meerut, Moradabad, Muzafffarnagar, Mathura, Pratapgarh, Pilibhit, Rampur, Rae Bareilly, Sharanpur, Shahajahanpur, Sitapur, Shravasti, Sultanpur, Unnao districts of Uttar Pradesh & State of Uttaranchal.
Debts Recovery Tribunal Madurai:- Districts of Madurai, Kanyakumari, Tirunelveli, Tuticorin, Virudhunagar, Sivaganga, Ramnad, Theni, Erode, Salem, Namakkal, Trichy, Karur and Dindigul in the State of Tamil Nadu.
Debts Recovery Tribunal-1 Mumbai:- City Area of A Ward as defined by Mumbai Municipal Coropration bounded as below excluding areas of Nariman Point :- East : Dock area, Ballard Estate, Shahid Bhagat Singh Road, P.Demello Road West :Marine Drive North : Anandilal Poddar Marg, Lokmanya Tilak Marg South : Colaba.
Debts Recovery Tribunal-2 Mumbai:- Nariman Point in A ward bounded as south : Arabian Sea & Nathalal Parekh Marg West : Dorabjee Tata Road North : Madam Cama Road East : Maharshi Karve Road and B ward to G Ward ie; excluding the areas of jurisdiction of Mumbai DRT No.1 and excluding Suburban & extended suburban areas of Greater Bombay.
Debts Recovery Tribunal-3 Mumbai:- Areas of H Ward to T Ward ie; Suburban & extended Suburban areas of Greater Bombay and districts of Thane, Raigad, Ratnagiri and Sindhudurg in Maharashtra state and the state of Goa and any other areas of Mumbai not covered by Mumbai DRT No.1 & Mumbai DRT No.2.
Debts Recovery Tribunal Nagpur:- Nagpur, Bhandara, Gondiya, Amravati, Chandrapur, Yavatmal, Gadchiroli, Akola, Buldhana, Washim & Wardha districts of Marashtra State.
Debts Recovery Tribunal-1 New Delhi:- South Delhi District Hauz Khas, Malviya Nagar, Mehrauli, Defence Colony, Lodhi Colony, Kotla Mubarakpur, Lajpat Nagar, Srinivas Puri, Hazrat Nizamuddin, Greater Kailash, Chitranjan Park, Ambedkar Nagar, Kalkaji, Badarpur, Okhla, any other police station which may be existing or created in future in this area.
Debts Recovery Tribunal-2 New Delhi:- New Delhi DistrictParliament Street, Mandir Marg, Connaught Place , Tilak Marg, Chanakya Puri, Tughlak Road, any other police station which may be existing or created in future in this area.
Debts Recovery Tribunal-3 New Delhi:- Central Delhi District :Darya Gunj, Chandni Mahal, Jama Masjid, Kamala Market, Hauz Quazi, I.P.Estate, Pahar Gunj, D.B.G.Road, Nabi Karim, Karol Bagh, Prasad Nagar, Rajinder Nagar, andy other police station which may be existing or created in future in this area North East Delhi District : Seelam Pur, Gokal Puri, Bhajan Pura, Shahdara, Welcome Colony, Manasaravor Park, Seema Puri, Nand Nagri, any other police station which may be existing or created in future in this area. East Delhi District Kalayan Puri, Trilok Puri, Vivk Vihar, Anand Vihar, Preet Vihar , Shakar Pur, Gandhi Nagar, Krishna Nagar, Geeta Colony, any other police station which may be existing or created in future in this area. North Delhi District : Civil Lines, Timarpur, Roop Nagar, Maurice Nagar Colony, Subzi Mandi, Pratap Nagar, Sarai Rohilla, Bara Hindu Rao, Sadar Bazar, Kashmere Gate, Kotwali, Lahori Gate, Town Hall (Chandni Chowk), any other police station which may be existing or created in future in this areaWest Delhi District Patel Nagar, Anand Parbat , Moti Nagar , Tilak Nagar, Janak Puri, Vikas Puri, Punjabi Bagh, Paschim Vihar, Nangloi, Rajouri Garden, Hari Nagar, Kirti Nagar, any other police station which may be existing or created in future in this areaNorth West Delhi District Sultan Puri, Mangol Puri, Kanjahanwala, Ashok Vihar, Saraswati Vihar, Keshav Puram, Shalimar Bagh, Jahangir Puri, Rohini, Narela, Samaipur Badli, Ali Pur, Mukerjee Nagar, Adarsh Nagar, Model Town, any other police station which may be existing or created in future in this area.
Debts Recovery Tribunal Patna:- State of Bihar.
Debts Recovery Tribunal Pune:- Pune, Satara, Sangli, Kolhapur & Solapur districts of Marashtra State and any other area/district of Marashtra State not included in Mumbai DRT No. 1, Mumbai DRT No. 2 and Mumbai DRT No. 3 and DRTs at Aurangabad and DRT at Nagpur .
Debts Recovery Tribunal Visakhapatanam:- East Godavari, West Godavari, Guntur, Kirshna, Nellore, Praksam, Srikakulam, Vizianagaram & Vishakapatnam districts of Andhra Pradesh.
Debts Recovery Tribunal Ranchi:- State of Jharkhand.
