Practice Overview
Information about legal practice before DRT, DRAT, and related forums
DRT Matters
Legal practice before Debt Recovery Tribunal (DRT) for matters arising under the Recovery of Debts and Bankruptcy Act, 1993.
SARFAESI Act
Matters relating to securitization and enforcement of security interest under the SARFAESI Act, 2002.
Original Applications
Filing and defense of Original Applications (OAs) for debt recovery before DRT.
Appeals
Appeals before Debt Recovery Appellate Tribunal (DRAT) against orders of DRT.
Representation
Legal representation for various parties in debt recovery proceedings.
Debt Resolution
Legal assistance in debt resolution and related matters.
Areas of Practice
Information about various aspects of debt recovery legal practice
Original Application (OA)
Filing and defense of recovery applications before DRT.
Written Statement & Defense
Filing written statements in response to OAs before DRT.
Interim Applications
Applications for interim relief or directions before DRT.
Execution Proceedings
Matters relating to execution of DRT decrees.
Appeals under SARFAESI Act
Appeals under Section 17 of SARFAESI Act before DRT.
Possession Notices
Matters relating to possession notices under Section 13(4).
Sale of Secured Assets
Legal matters concerning sale of secured assets.
Asset Reconstruction
Legal advisory on asset reconstruction matters.
OA Drafting & Filing
Drafting and filing of Original Applications for debt recovery.
Counter Claims
Filing counter claims in recovery proceedings.
Settlement Negotiations
Legal assistance in settlement negotiations.
Withdrawal of OAs
Procedure for withdrawal of recovery applications.
Appeals against DRT Orders
Filing appeals before Debt Recovery Appellate Tribunal.
Cross Appeals
Cross appeals before DRAT.
Interim Stay in Appeal
Applications for stay pending disposal of appeals.
Further Appeals
Further appeals to higher forums as per procedure.
Debt Recovery Tribunals (DRTs) & Jurisdiction
The office practices before the following forums:
- DRT Hyderabad (Andhra Pradesh & Telangana)
- DRT Visakhapatnam
- DRAT (Debt Recovery Appellate Tribunal), Chennai
- Hon'ble High Court (writ jurisdiction)
- Hon'ble Supreme Court of India
Key Enactments & Legislations
Debt recovery matters are governed by the following enactments:
- Recovery of Debts and Bankruptcy Act, 1993
- SARFAESI Act, 2002 (Securitization Act)
- Insolvency and Bankruptcy Code, 2016
- DRT Procedure Rules, 1993
- DRAT Procedure Rules, 1994
- Security Interest (Enforcement) Rules, 2002
Frequently Asked Questions
General information about DRT and debt recovery matters
What is the jurisdiction of DRT?
Debt Recovery Tribunal (DRT) has jurisdiction over recovery of debts above ₹20 lakhs due to banks and financial institutions within its territorial limits.
What is the limitation period for filing an OA before DRT?
Original Application (OA) for debt recovery may be filed within 3 years from the date when the debt becomes due, as per the Limitation Act, 1963.
Can SARFAESI action be challenged?
Under Section 17 of SARFAESI Act, an appeal may be filed before DRT within 45 days of receiving possession notice under Section 13(4).
What is the appeal process against DRT orders?
Appeal against DRT order may be filed before Debt Recovery Appellate Tribunal (DRAT) within 45 days, with further appeal to Supreme Court.
What laws govern debt recovery proceedings?
Debt recovery proceedings are primarily governed by the Recovery of Debts and Bankruptcy Act, 1993, and the SARFAESI Act, 2002.
How can I contact the office for DRT matters?
You may contact the office by phone at +91 9490282438 or email at contact@shaivylawoffice.com during office hours.
Get in Touch
For professional inquiries regarding DRT matters, please fill out the form. The office will respond within 24-48 hours.
- Neredmet X Road, Hyderabad - 500056
- +91 9490282438, +91 7702322193
- contact@shaivylawoffice.com
- Mon-Sat: 9:30 AM - 7:00 PM
Send an Enquiry
Fill out the form and we will respond within 24-48 hours.
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