DRAT / DRT
Cause Lists
Team BankDRT wishes you a Happy Deepawali. May you grow and succeed and be part of USD 5 Trillion Indian Economy.
WhatsApp us on: +91-9968265868
On Auction M&A Options Assets-Wanted Investment-Options Services Judgments Legal Query Event Gallery

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

Breaking News
The country's foreign exchange reserves touches $ 635.36 billion for the period April-September 2021.



Media abuzz about Government likely to take final call on cryptocurrency; SEBI, RBI likely to regulate it.



Non registration of bore wells by 31st March 2022 to attract hefty costs and penalties. MSME units should be cautious.



Mortarium on coercive actions under SARFAESI Act becomes ineffective. SCI refuses to take cognizance of actions by Banks and FIs.



Prosecutions before PMLA Courts has started moving hand in hand with proceedings before DRT and NCLT.



Morbi Ceramic units face heat from Gujrat High Court. MSME units must factor environmental issues in their functioning.





Plan for Digital Currency lest you may perish.

The Reserve Bank of India is likely to start experimenting with Digital Currencies   by about December 2021. MSME Units and Start Ups  must get ready to adapt for doing business via Digital Currencies, as otherwise they may suffer heavily and may perhaps even perish.

 

Read Full Article...


Revenue Recovery Act can be invoked to execute decrees: Kerala High Court

Banks can resort to Revenue Recovery Act to recover their dues even as their execution petition is pending before the civil court. Both the acts are mutually exclusive and there is no illegality if both the modes are resorted to simultaneously.

Read Full Article...


Don’t litigate as a reflex action.

The moment a Notice is received from a Bank, most borrowers simply litigate as if in a reflex action. A good advocate will help you understand the best way out of a situation, and, in a  most profitable way out.

Read Full Article...


Should MSME units be worried when RBI fines a Bank?

When Reserve Bank of India (RBI) fines a Bank what does it signify to the common man.  What should MSME Units do?  Is it a cause of concern? Should they be worried?  Will it effect their business?  We examine the issues.

 

Read Full Article...




Metro Exporters P. Ltd. & Another v. State Bank of India & Others

Decision by Supreme Court of India

Read Full Judgment...


Ram Kishun & Ors. vs. State of U.P. & Ors.

Only so much of asset should sold as is necessary to repay the debt.  Sale of excess assets is fatal to the auction.

Long possession should not be disturbed as the auction purchaser could have made substantial investments on the land and constructed buildings etc.

While challenging a auction sale, it is necessary that all persons who were party to the proceedings, at any stage should,  should be made party to the case. Leaving out parties would be fatal to the case and the Court cannot proceed to hear  the case.
 

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

Costing of suits – Court fees should not be included.

Jurisdiction of High Courts over DRATs depends on the cause of action

All that glitters is not diamonds. IT Department learns !

Employee Directors could become vicariously responsible for company loans

A few transactions does not convert a NPA into PA
FAQ on BANKING OMBUDSMAN

1. What is Banking Ombudsman Scheme?
2. Who is a Banking Ombudsman?
3. Where all is Banking Ombudsman located?
4. Does the Banking Ombudsman scheme cover credit card issues?
5. How is Banking Ombudsman different from a Consumer Court?

Read Full FAQ...


FAQ on COUNTER CLAIMS

1. What are Counter claims before the Debts Recovery Tribunal?
2. Do I have to pay a fee for filing my counter claim application before the Debts Recovery Tribunal?
3. I expect the Bank to file an application against me in the Debts Recovery Tribunal. Can I file my counter claim in the Debts Recovery Tribunal in anticipation of the bank filing an claim against me in the DRT?
4. I want to file an application against the Bank in the Debts Recovery Tribunal under Section. 17(1) of the SRFAESI Act. Can I include counter claim against the Bank in this application?
5. What should the counter claim before the Debts Recovery Tribunal be based upon?

Read Full FAQ...


FAQ on CONSUMER COURT

1. How are consumer courts different from Debts Recovery Tribunal?
2. Can a borrower go to Consumer Court?
3. Can one approach the Consumer Court even as the case is pending before the Debts Recovery Tribunal?
4. Can the same issues be raised before the Consumer court as were raised before the Debts Recovery Tribunal?
5. Can the amount arrived at by the Debts Recovery Tribunal be discussed before the Consumer Court?

Read Full FAQ...











Do you have a query?
Ask us now !!! 		NPA is not the end of the World-it's just a pause! For Help Click here Go To FAQs on DRT, DRAT, Debt Resolution.
© BankDRT Informatic Services