Lawyers for Debt Recovery Tribunals

Published date: July 26, 2016 | 6:20 am | Posted by: OLS Mumbai
  • Location: Fort, Mumbai, Maharashtra, India


Debts Recovery Tribunal

Keeping in line with the international trends on helping financial institutions recover their bad debts quickly and efficiently, the Government of India has constituted thirty three Debts Recovery Tribunals and five Debts Recovery Appellate Tribunals across the country.

The Debts Recovery Tribunal (DRT) enforces provisions of the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 and also Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002.

Under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 banks approach the Debts Recovery Tribunal (DRT) whereas, under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002 borrowers, guarantors, and other any other person aggrieved by any action of the bank can approach the Debts Recovery Tribunal (DRT).

Debts Recovery Tribunal are located across the country. Some cities have more than one Debts Recovery Tribunals. New Delhi, Chennai, Kolkata and Mumbai have three Debts Recovery Tribunals. Ahmedabad and Chandigarh have two Debts Recovery Tribunal (DRT) each. One Debts Recovery Tribunal has been constituted at Allahabad, Aurangabad, Bangalore, Coimbatore, Cuttack, Earnakulam, Guwahati, Hyderabad, Jabalpur, Jaipur, Lucknow, Madurai,Nagpur, Patna, Pune, Vishakapatnam and Ranchi.

For More Details contact us on :-
+91-9833604902
022-66666800

www.optimalegalsolutions.com
Legal Solutions on your problems( Expert lawyers and advocates in Mumbai,Navi Mumbai, Thane,Pune).
Note: Above Data is information/educational purpose not for any sort or advertisement.


Contact Number: 9833604902

Ad ID: 50746


Share by email Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Pin on Pinterest

Contact seller Share

Useful information

  • Avoid scams by acting locally or paying with PayPal
  • Never pay with Western Union, Moneygram or other anonymous payment services
  • Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
  • This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"

Related listings

  • Lawyers for Maintenanace
    Law Firms - Mumbai (Maharashtra) - July 26, 2016

    Expert Advocate for MaintenaceMaintenanceObligation of a husband ...

  • Lawyers for Court Marriage
    Law Firms - Mumbai (Maharashtra) - July 26, 2016

    Court Marriage " The court marriage is a formal union of a man an...

  • Lawyers for Divorce
    Law Firms - Mumbai (Maharashtra) - July 26, 2016

    Divorce A court decree that terminates a marriage; also known as ...