Debt Recovery Tribunal (DRT)
Debt Recovery Tribunal (DRT)
We provide expert legal representation before the Debt Recovery Tribunal (DRT) and Debt Recovery Appellate Tribunal (DRAT) in matters concerning financial recovery, borrower defense, and banking disputes.
1. Filing of Original Application (OA)
Preparation and filing of recovery applications before DRT on behalf of banks, NBFCs, or financial institutions for recovery of dues.
2. Defense for Borrowers & Guarantors
Legal representation for borrowers and guarantors to protect their rights and interests during DRT proceedings.
3. SARFAESI Act Proceedings
Advising and representing clients in enforcement of security interests and possession-related matters under the SARFAESI Act, 2002.
4. Appeals before DRAT
Filing and contesting appeals before the Debt Recovery Appellate Tribunal against DRT orders or directions.
5. Settlement & Loan Restructuring
Negotiation and mediation for loan settlements, restructuring, or compromise between financial institutions and borrowers.
6. Stay & Interim Relief Applications
Filing for stay orders, injunctions, or interim relief to protect clients from adverse actions during the pendency of DRT proceedings.
7. Execution & Recovery Proceedings
Assisting in the execution of recovery certificates, attachment of properties, and realization of dues through legal channels.
8. Legal Advisory & Documentation
Comprehensive advisory on compliance, documentation, and drafting of loan agreements, guarantees, and mortgage deeds.
Our DRT Services Include:
Filing and defending Original Applications (OA) for recovery of debts.
Representation before DRT and DRAT for banks, NBFCs, and borrowers.
Handling SARFAESI proceedings, including possession and auction matters.
Advisory on loan restructuring, settlements, and compromise agreements.
Appeals and stay applications against DRT orders.
Execution of recovery certificates and enforcement of tribunal orders.
Comprehensive legal documentation including loan agreements, mortgage deeds, and guarantees.
Why Choose Us
At Bhuwan Jayant & Associates, our dedication, expertise, and client-first approach make us one of the most trusted law firms. We strive to deliver practical, transparent, and result-oriented legal solutions.
Experienced Legal Team
Our lawyers have extensive courtroom and advisory experience across diverse legal domains, ensuring strong representation.
Client-Centered Approach
We prioritize our clients’ needs, offering personalized strategies and transparent communication throughout the case.
Proven Track Record
We have successfully handled numerous complex cases with favorable outcomes across various courts and tribunals.
Ethical & Transparent Practice
Integrity is the foundation of our work. We maintain full transparency with our clients regarding fees and case progress.
Comprehensive Legal Solutions
From consultation to litigation, we provide end-to-end legal support tailored to your unique situation.
Timely & Efficient Services
We understand the value of time and ensure swift legal actions without compromising on quality or diligence.
Frequently Asked Questions
The Debt Recovery Tribunal (DRT) is a special judicial authority that deals exclusively with cases related to the recovery of debts owed to banks and financial institutions. It was established to ensure faster resolution of loan default and recovery disputes.
Banks, financial institutions, and Non-Banking Financial Companies (NBFCs) can file cases before the DRT if the amount of debt due is ₹20 lakh or more. Borrowers or guarantors may also approach the tribunal to challenge actions taken by lenders under laws such as the SARFAESI Act.
DRT primarily handles cases related to loan defaults, mortgage enforcement, debt recovery, asset possession, and sale proceedings initiated under the SARFAESI Act or RDDBFI Act. It also hears appeals and counterclaims from borrowers.
The DRAT is the appellate body where parties can appeal against the orders passed by the DRT. It reviews the legality and fairness of DRT’s decisions and provides relief where necessary.
Our firm provides end-to-end legal support, including filing or defending DRT applications, representing clients in hearings, managing SARFAESI proceedings, handling appeals before DRAT, and negotiating settlements between lenders and borrowers.
