Beruflich Dokumente
Kultur Dokumente
DebtsRecoveryTribunalLaws&procedures.
Laws&Procedureof
DebtsRecoveryTribunal
InIndia
Home
Tribunals
Cause
Judgements
On
Ask FAQs Services
NPA
Legal
Contact
|
|
|
|
|
|
|
|
Lists
Auction
Us
News
Intership
Us
ortalwheredebtreductionandindustryrevivalgohandinhand
FAQs
Cross Examination
Adjournement
Amendment
Appeals
AppearanceVakalat
Applications
Free Copies
SARFAESI Act
DRATs
DRAT
DRAT
DRAT
DRAT
DRAT
Allahabad
Chennai
New Delhi
Kolkata
Mumbai
DRTs
DRT1 Ahmedabad
DRT2 Ahmedabad
DRT Allahabad
DRT Aurangabad
DRT Bangalore
DRT1 Chandigarh
DRT2 Chandigarh
DRT1 Chennai
DRT2 Chennai
DRT3 Chennai
DRT Coimbatore
DRT Cuttack
DRT Earnakulam
DRT Guwahati
DRT Hyderabad
DRT Jabalpur
DRT Jaipur
DRT1 Kolkata
http://bankdrt.org/
LawsofTheDebtsRecoveryTribunal
The Debts Recovery Tribunal have been
constituted under Section 3 of the Recovery of
Debts Due to Banks and Financial Institutions Act,
1993. The original aim of the Debts Recovery
Tribunal was to receive claim applications from
Banks and Financial Institutions against their
defaulting borrowers. For this the Debts Recovery
Tribunal (Procedure) Rules 1993 were also drafted.
While initially the Debts Recovery Tribunals did
perform well and helped the Banks and Financial
Institutions recover substantially large parts of their
non performing assets, or their bad debts as they
are commonly known, but their progress was
stunted when it came to large and powerful
borrowers. These borrowers were able to stall the
progress in the Debts Recovery Tribunals on
various grounds, primarily on the ground that their
claims against the lenders were pending in the
civil courts, and if the Debts Recovery Tribunal
were adjudicate the matter and auction off their
properties irreparable damage would occur to them.
ImportantOrders
onNPAs
themortgagesandseeifthe
mortagorhadtherightto
mortgagethepropertyatallor
not.
SimultaneousProceedingscan
goonbeforeBanking
Ombudsmanaswellasbefore
theDebtsRecoveryTribunal
Simultaneousproceedingscan
goon
IntransferredmatterstheDebts
RecoveryTribunalmaycontinue
withtheproceedingsfromany
stageitmaydeemfit
AcooperativeBankisnot
requiredtogobeforetheDebts
RecoveryTribunalsforthe
recoveryofitsduesfromits
members.
Auctioningauthoritieslikethe
DebtsRecoveryTribunals
shouldensurethatthebestprice
ReadCitations
11/23/2016
DRT2 Kolkata
DRT3 Kolkata
DRT Lucknow
DRT Madurai
DRT1 Mumbai
DRT2 Mumbai
DRT3 Mumbai
DRT Nagpur
DRT1 New Delhi
DRT2 New Delhi
DRT3 New Delhi
DRT Patna
DRT Pune
DRT
Vishakapatnam
DRT Ranchi
DebtsRecoveryTribunalLaws&procedures.
http://bankdrt.org/
2/3
11/23/2016
DebtsRecoveryTribunalLaws&procedures.
Copyright20042014,BankDRTIndiaDisclaimer
http://bankdrt.org/
3/3