DEBT RECOVERY TRIBUNALS
Our Practice at Debt Recovery Tribunals include appearing for Banks , Borrowers, Personal Guarantors and filing Securitisation Application (SA), Original Application (OA), Interlocutory applications under SARFAESI Act and RRDB Act.
Our practice area includes
For Banks/Financial Institutions/Asset Recovery Companies:
- Issue of Legal notices under Section 13(2) & Section 13(3) of SARFAESI Act
- Assist banks by providing the best course of option available under Section 13(4) of SARFAESI Act.
- Filing of Section 14 of SARFAESI Petition before Metropolitan Sessions Judge and taking physical possession of properties.
- Filing of ORIGINAL APPLICATION before Debt Recovery Tribunal and obtaining Recovery Certificate.
- Assisting banks/financial institutions/Asset recovery Companies in Auction of stressed assets.
- Undertaking all necessary legal steps to obtain sale certificate by DRT in favour of Auction Purchaser.
- Challenge Appeals filed at DRAT and Writs at Various High Courts.
For Borrowers / Personal Guarantors:
- Reply to legal notice u/s 13(3)(A) of SARFAESI Act.
- Filing of Section 17 (Securitisation application) under SARFAESI Act petition before DRT Challenging the action of Secured Creditor.
- Defending the borrower/personal guarantor in Original Applications filed by Financial Institutions.
- Providing legal advice to stressed borrowers/personal guarantors who are facing SARFAESI Proceedings.
