We have team of Best DRT Lawyers in Delhi for online advice and services before the DRT. For any requirement, call our board No. 011-2335 5388 or mail us at firstname.lastname@example.org with details of your case.
The Debts Recovery Tribunal (DRT) was created for the enforcement of the provisions of the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 and also Secularization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002. Under this, the loans of any bank or financial institution if not paid by the borrower becomes bad debts. The bank or the financial institution first issues the notice for recovery of the said loan and then initiates the process of recovery of the said loan under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993.
The bank thus invokes the provisions of the Secularization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002 against the borrowers, guarantors. Any person aggrieved by any action of the bank can approach the Debts Recovery Tribunal (DRT) and file Original Application against the action of the bank . The application is named OA before DRT in short.
The case filed before the DRT is based on the SARFASI Act. It is also governed by all other set of laws wherein the liability of the borrower to re pay the loan is determined. After considering all aspects of the matter, DRT passes orders on the application either accepting the liability of the borrower and directing him to re pay the loan or to reject the case and declare the borrower not liable to pay the loan amount.
We have in house team of best DRT Lawyers in Delhi to provide all services at Debt Recovery Tribunal with confidence and excellent results. Our team of best DRT Lawyers in Delhi is well versed with the entire law and process related to the Debt Recovery Tribunal Delhi. They are in a position to provide the best results with their proactive strategy in any DRT case against bank or financial institution.
The team of best DRT Lawyers in Delhi initially takes up the matter with full confidence to check all the documents and the agreement entered at the time of entering the loan.
The role of the Advocates for the DRT case is very important as he can scrutinize all the documents, loan agreements and the process adopted by the bank for recovery of the loan. We have in house team of best DRT lawyers Delhi to take up such matters on behalf of the borrower or the grantor and scrutinize the matter in details and then prepare and file OA before DRT against the action under SARFASI by the bank or the finanical institution.
The entire process of filing of OA before the DRT is controlled and regulated by the Registry of the DRT where the OA is filed by the Debt Recovery Lawyer Delhi. The said application is scrutinized and then listed before the court for hearing and orders by the court.
We have a very strong team of best DRT Lawyers in Delhi and Advocates for DRT case who take up the matter before the court for favorable orders by DRT. The team of best DRT lawyers in Delhi working with us ensures the quick filing of the OA before the DRT and grant of favorable orders by their proactive strategy before the DRT .
The first and foremost role of a good DRT lawyer Delhi is to scrutinize the entire documents related to the loan and the status of the guarantors who stood as the surety to the bank loan. The team of best DRT Lawyers in Delhi thereafter scrutinizes all the notifications with regard to the matter in dispute and tries to take out the loopholes in the same. The best DRT Lawyers in Delhi thereafter seeks the compliance of the circulars of RBI issued from time to time for regulating the disbursement of loan, recovery of loan.
A close and deep study of all the documents by best DRT Lawyers in Delhi would certainly lead to the finding of the loopholes in the entire process adopted by the bank. The best DRT Lawyers in Delhi thereafter drafts the OA to be filed before the DRT and then prepares the arguments which is to be addressed before the court.
The role of Advocate for DRT case is very important. The best DRT Lawyers in Delhi only determines the entire strategy of the DRT case and proceeds with the case at different stages.
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