Debt Recovery Tribunals Lawyers Advocates India | Mohali Law Firm
Debt Recovery Tribunal (DRT) cases play a vital role in resolving disputes between financial institutions and borrowers. Our experienced lawyers handle all types of debt recovery cases filed in district courts and high courts in India.
Types of Debt Recovery Cases
- Loan Default Cases: Cases involving the recovery of unpaid loans from borrowers.
- Cases Under SARFAESI Act: Matters related to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, including enforcement of security interests.
- Bank Loan Disputes: Cases involving disputes between banks and borrowers regarding repayment terms, interest rates, or loan agreements.
- Corporate Debt Recovery: Recovery of dues from companies or corporations that have defaulted on financial obligations.
- Non-Performing Assets (NPA) Cases: Cases involving classification and recovery of loans marked as NPAs by financial institutions.
- Mortgage Disputes: Disputes over the terms of mortgage agreements or recovery of mortgaged properties.
- Personal Loan Recovery: Cases concerning the recovery of personal loans from individual borrowers.
- Cheque Bounce Cases (Section 138, Negotiable Instruments Act): Cases involving dishonored cheques issued as repayment for debts.
- Debt Settlement Disputes: Legal disputes arising from debt settlement agreements between creditors and debtors.
- Fraudulent Transactions: Cases involving fraudulent loan applications or misuse of borrowed funds.
Services We Provide
- Filing and defending debt recovery cases in district courts and high courts.
- Drafting and responding to notices under the SARFAESI Act.
- Representation in Debt Recovery Tribunals (DRTs) and Appellate Tribunals.
- Negotiation and mediation for loan restructuring or settlements.
- Assistance in foreclosure and auction proceedings.
- Filing appeals and revisions in higher courts.
Common Acts and Legal Provisions
- SARFAESI Act, 2002: Governs the enforcement of security interests by secured creditors.
- Recovery of Debts Due to Banks and Financial Institutions Act, 1993: Establishes the framework for debt recovery through DRTs.
- Negotiable Instruments Act, 1881: Section 138 governs cases related to dishonored cheques.
- Indian Contract Act, 1872: Legal provisions related to contract enforcement and breach of contracts.
At Mohali Law Firm, we offer comprehensive legal assistance to ensure the swift and effective resolution of debt recovery cases. Contact us for expert guidance and representation in district and high courts.
