Fema / RBI : Learn the core underpinnings of the Code of Conduct for Debt Recovery Agents, prescribed by the Reserve Bank of India and Bank/Fin...
Corporate Law : This paper mainly discusses the scenario in the current legal system with respect to loan repayments and the laws related to them....
Finance : There is no mention of the term re-sealing of property in SARFAESI Act, 2022 and the Recovery of Debts and Bankruptcy (RDB) Act, 1...
Corporate Law : DRAT Mumbai dismissed Bank of Maharashtra’s appeal, ruling the payment wasn’t made under reserve, with no fault attributed to ...
Corporate Law : Delhi High Court orders DRAT Chairperson to decide on a waiver for the 25% deposit in a securitization case, providing relief to C...
Finance : Frequent vacancy arising in DRT is an issue which needs consideration by Government and practical solution has to be found at the ...
Corporate Law : Whether improper hair cut & consequent humiliation/embarrassment is deficiency in service for compensation under Consumer Protecti...
Corporate Law : Maa Kalika Bhandar and Others Vs Collector and District Magistrate (Orissa High Court) Property was mortgaged in favour of the Ban...
Corporate Law : Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2023 – The e-filing of ...
Corporate Law : MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 10th September, 2021 S.O. 4145(E).—In exercis...
Finance : (1) These rules may be called the Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Ru...
Finance : Central Government hereby notifies the following change in the location of Debts Recovery Appellate Tribunal, Chennai with effect ...
Company Law : Central Government hereby notifies the establishment of the Debts Recovery Tribunal at Siliguri with effect from the 16th day of M...
This paper mainly discusses the scenario in the current legal system with respect to loan repayments and the laws related to them. The foundation of the debt recovery tribunals was only to ease the prompt recovery of debt payable back to Indian banks and finance house or to recover the Non- Performing Assets (NPA)
HC held that Debt Recovery Tribunal (DRT) Not Empowered In Law To Restrain A Debtor’s Fundamental Right To Travel Abroad.
MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 10th September, 2021 S.O. 4145(E).—In exercise of the powers conferred by section 3 of the Recovery of Debts and Bankruptcy Act, 1993, (51 of 1993), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry […]
(1) These rules may be called the Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
Central Government hereby notifies the following change in the location of Debts Recovery Appellate Tribunal, Chennai with effect from 09.07.2021
Bimalkumar Manubhai Savalia Vs Bank of India (NCLAT) Conclusion: Proceedings initiated or pending in DRT, either initiated under SARFAESI or under debts and due to Banks and Financial Institutions could not be taken into account for the purposes of limitation. Therefore, the application filed by Bank before the Adjudicating Authority on 30.08.2018 was beyond the […]
The application of Section 5 of the Limitation Act by resort to Section 29(2) of the Limitation Act, 1963 therefore does not arise. The prescribed period of 30 days under Section 30(1) of the RDB Act for preferring an appeal against the order of the Recovery officer therefore cannot be condoned by application of Section 5 of the Limitation Act.
Central Government hereby notifies the establishment of the Debts Recovery Tribunal at Siliguri with effect from the 16th day of March, 2017
Central Government hereby establish the Debts Recovery Tribunal at Dehradun with effect from the 16th day of February, 2017 and hereby specifies the area of jurisdiction of the Debts Recovery Tribunals at Allahabad, Lucknow and Dehradun in the States of Uttar Pradesh and Uttarakhand,
Central Government hereby establishes one more Debts Recovery Tribunal at Chandigarh with effect from the 13th day of February, 2017 to be known as Debts Recovery Tribunal – 3
