Courts: Debt Recovery Appellate Tribunal (DRAT)
Debt Recovery Appellate Tribunal (DRAT) is the appellate authority that hears appeals against orders passed by Debt Recovery Tribunals. It reviews decisions in debt recovery matters involving banks and financial institutions.
Unexplained 2417-Day Delay Inexcusable, Recovery Appeal Dismissed: DRAT Chennai
Insolvency Does Not Prevent Civil Arrest Without Statutory Protection: DRAT Chennai
Matrimonial Dispute Cannot Defeat SARFAESI Action Against Mortgaged Property: DRAT Delhi
Tehsildar’s Possession Letter Does Not Restart SARFAESI Limitation: DRT Ludhiana
DRAT Rejects Borrower-Bank Settlement Because Bank Failed to Comply with Refund Order
SARFAESI Auction Upheld as Borrower Failed to Prove Irregularities in Sale Process
Debt Recovery Tribunal Allows Bank Recovery Because Borrower Defaulted on Overdraft Loan Repayment
Application Rejected as DRT Lacks Jurisdiction Over Recovery Dispute Between Financial Institutions
DRAT Allows Appeal for Failure to Consider Non-Service of SARFAESI Notice
DRAT Kolkata Dismisses Appeal as No Illegality in Conditional Deposit Order
DRAT Defers Possession, Orders ₹20 Lakh Deposit for Hearing of Securitisation Appeal
Legal Heir Can’t Raise New Defence Not Taken by Deceased Borrower DRAT Kolkata
DRAT Set Aside SARFAESI Auction for Sale Below Distress Value & Rule 8(6) Violation
DRT Appeal Dismissed for Non-Deposit Restored by DRAT After Pre-Deposit Shown
The Debt Recovery Appellate Tribunal (DRAT) functions as the appellate forum for orders passed by the Debt Recovery Tribunal (DRT). Any person aggrieved by a decision of the DRT may file an appeal before the DRAT within the prescribed time period.
The DRAT examines whether the order of the DRT was legally and procedurally correct. It has the power to confirm, modify, or set aside the decision of the tribunal. The appellate mechanism ensures judicial oversight and consistency in debt recovery proceedings under the Recovery of Debts and Bankruptcy Act.
Together, DRTs and DRATs form a specialized adjudicatory framework designed to streamline recovery of debts due to banks and financial institutions while providing an appellate remedy for affected parties.
