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.
Interim SARFAESI Restraint Leads to Direction for Speedy Securitization Hearing
DRT Cannot Ignore Binding Remand on Counter-Claim Jurisdiction: DRAT Kolkata
Failure to Pay 75% Bid Amount as per Rule 9(4) Invalidates SARFAESI Auction
Recovery Case Jurisdiction Upheld Where Account Maintained by Bank Office
DRT Rejects Challenge to Auction Sale Due to Proper Service of SARFAESI Notices
DRAT Upholds SARFAESI Possession Notice Against Loan Guarantor
Ex-Directors Cannot Reopen Withdrawn Loan Cases to Alter Records: DRAT
DRAT Orders Status Quo on Property, Conditional on Appellant’s Partial Deposit
Mortgage created based on copy of sale deed is invalid: DRAT Chennai
Person aggrieved by recovery officer’s order should prefer appeal before Debts Recovery Tribunal
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.
