Proceedings before the Debt Recovery Tribunal move quickly and carry high stakes for borrowers, guarantors and lenders alike. We represent clients in recovery applications, SARFAESI challenges and appeals before the Debt Recovery Appellate Tribunal.
Our DRT practice covers original applications filed by banks and financial institutions under the Recovery of Debts and Bankruptcy Act, 1993, and securitisation applications under Section 17 of the SARFAESI Act, 2002 against measures such as possession and auction of secured assets.
Timing is critical: there are short limitation periods for challenging SARFAESI measures and mandatory pre-deposit requirements for appeals. We act promptly and explore settlement and restructuring options alongside litigation wherever they serve the client.
Courts & forums: Debt Recovery Tribunal, Bengaluru, Debt Recovery Appellate Tribunal, High Court of Karnataka.
Every matter is prepared with clear communication, structured strategy and consistent support at every stage, backed by more than 40 years of practice and over 10,000 cases handled.
A securitisation application under Section 17 of the SARFAESI Act must generally be filed within 45 days from the date on which the measures under Section 13(4) were taken. Delay can seriously limit available remedies.
Yes. An appeal against a DRT order under the SARFAESI Act requires a pre-deposit of 50% of the debt claimed or determined, whichever is less, which the Appellate Tribunal may reduce to not less than 25%.
Yes. Lenders frequently proceed against guarantors along with borrowers, and the liability of a guarantor is generally co-extensive with that of the principal debtor unless the contract provides otherwise.
An auction can proceed unless the Tribunal grants a stay or other interim relief. Interim relief is discretionary and may be conditional, so it is important to approach the Tribunal early.
Yes. Banks and financial institutions often consider one-time settlement proposals at various stages. We help clients evaluate and negotiate settlement alongside the proceedings.