Keeping in line with the international trends on helping financial institutions to recover their bad Debt quickly and effeciently, the Government of India has constituted thirty three Debt Recovery Tribunal and five Debt Recovery Appellate Tribunal across the country. The Debt Recovery Tribunal are located across the country. Some cities have more than one Debt Recovery Tribunal located therein. New Delhi and Mumbai have three Debt Recovery Tribunal. Chennai and Kolkata have two Debt Recovery Tribunal each. One Debt Recovery Tribunal each has been constituted at Ahmdabad, Allahabad, Arungabad, Bangalore, Chandigrah, Coimbatore, Cuttack, Ernakulam, Guwahati, Hydrabad, Jabalpur, Jaipur, Lucknow, Nagpur, Patna, Pune, Ranchi and Vishakapatnam. Depending upon the number of cases a Debt Recovery Tribunal is constituted.
We provide comprehensive legal service and advisory work on all type of commercial and banking transactions including :
Negotiations and documentation,
Securitisation and Hypothecation
Vehicle loans/house loans;
Interim orders under section 9 of Arbitration and conciliation Act;
Recovery suits under order XXXVII of CPC;
OA before DRT;
Matters before DRAT;
Protection against taking possessions of the Mortgage;
Proceedings before Recovery Officers appointed by DRT;
We also advise to our clients on partnership, agency and distributorship arrangements, recovery and insolvency amongst others. WE have very rich experience in dealing the matter relating to :
Complaints under section 138 of N.I. Act,
Petitions u/s 9 of the Arbitration and Conciliation Act,
Petition u/s 34 of the Arbitration and Conciliation Act,
Insolvency and Consumer Cases against Banking and Financial Institutions.
Debt recovery matters before DRT / DRAT under SARFAISI Act and RDDBFI Act.