Debt Recovery Tribunal

The **Debt Recovery Tribunal (DRT)** is a specialized legal forum in India that adjudicates matters related to the recovery of debts due to banks and financial institutions. Established under the **Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act)**, the DRT is empowered to handle cases involving a large amount of debt, typically over ₹20 lakhs.

Advocate Ankita Goswami and her team provide comprehensive legal services in matters involving the DRT, representing both creditors (banks and financial institutions) and debtors. Understanding the complexities involved in these cases, she offers strategic advice and practical solutions to expedite the recovery process while adhering to the legal framework.

What is the Debt Recovery Tribunal?

The DRT was created to fast-track the process of debt recovery, which was previously slow and inefficient through traditional civil courts. The tribunal has the authority to hear and decide applications filed by banks or financial institutions to recover outstanding debts. It can also issue orders to attach properties, conduct inquiries, and determine liability quickly and efficiently.

Unlike traditional courts, the DRT has specialized expertise in debt recovery matters, making it an ideal forum for resolving these cases effectively. It also offers an appeal mechanism through the **Debt Recovery Appellate Tribunal (DRAT)** for parties seeking further redress.

How Advocate Ankita Goswami Can Help You

Whether you are a financial institution looking to recover large amounts of money or a debtor seeking legal protection, Advocate Ankita can assist you throughout the entire DRT process. With a keen understanding of banking laws and experience in debt recovery matters, she ensures that your case is handled diligently and effectively.

Her services include:

• Filing applications for recovery of debts on behalf of banks and financial institutions.
• Defending individuals or companies who are subject to recovery actions by creditors.
• Challenging DRT orders in the **Debt Recovery Appellate Tribunal (DRAT)** for clients who are aggrieved by the tribunal’s decisions.
• Filing counterclaims for damages, if applicable.
• Assisting with out-of-court settlements and negotiating favorable terms for repayment.

The Importance of Legal Representation in DRT Cases

Navigating the DRT can be complex due to its specialized nature. Without a seasoned legal professional, individuals and organizations may find it challenging to understand the procedural aspects and ensure that their interests are well-represented. Advocate Ankita understands the nuances of these cases and works meticulously to ensure a favorable outcome for her clients.

Her in-depth knowledge of relevant laws, including the **RDDBFI Act**, the **Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI)**, and the **Insolvency and Bankruptcy Code (IBC)**, allows her to tailor her legal strategies to the specific needs of each case.

Why Choose Advocate Ankita?

With years of experience in handling debt recovery cases, Advocate Ankita brings professionalism, dedication, and personalized legal solutions to her clients. Her approach is not just about litigation, but also about finding the most practical and cost-effective resolution for each case, whether through settlements, negotiations, or aggressive litigation.

Debt recovery cases often involve high stakes, and having an experienced advocate by your side can make all the difference in securing a timely and favorable resolution. Advocate Ankita’s track record of success and her commitment to client satisfaction make her a trusted choice for DRT cases.

Steps in a Debt Recovery Tribunal Case

The typical procedure in a DRT case includes:

1. Filing of an application by the creditor (bank or financial institution) in the DRT.
2. Notice to the debtor for response or defense.
3. Submission of evidence by both parties.
4. Hearing of arguments by the tribunal.
5. Issuance of the tribunal’s decision or order regarding the recovery of the debt.
6. Option to appeal the decision in the **Debt Recovery Appellate Tribunal (DRAT)**.

How We Ensure a Smooth Process

From the initial application stage through to the final resolution, Advocate Ankita and her team ensure that every aspect of your case is managed meticulously. She provides clients with regular updates and sound legal advice throughout the process, ensuring transparency and clarity.

By leveraging her knowledge of Indian banking laws and debt recovery procedures, Advocate Ankita minimizes delays, maximizes recovery amounts, and mitigates potential liabilities for her clients. Her goal is to secure the best possible outcome while maintaining the highest ethical standards.

Whether you are a creditor seeking to recover large sums or a debtor fighting to protect your assets, Advocate Ankita's expertise in **Debt Recovery Tribunal** cases can help you navigate the complexities of the legal process with confidence and peace of mind.

For more information on how Advocate Ankita can assist with your Debt Recovery Tribunal case, contact our office today to schedule a consultation.