This Guide has been prepared by AVP Legis Chambers solely for educational and informational purposes. Every effort has been made to ensure the accuracy of the information contained herein. However, the law governing debt recovery is continuously evolving through legislative amendments, notifications, circulars and judicial pronouncements.

The contents of this Guide provide a practical overview of proceedings before the Debt Recovery Tribunal (DRT) and the Debt Recovery Appellate Tribunal (DRAT) under the Recovery of Debts and Bankruptcy Act, 1993, together with proceedings arising under the SARFAESI Act, 2002. This Guide should not be construed as legal advice, legal opinion or a substitute for professional consultation.

The outcome of every recovery proceeding depends upon the facts of the case, applicable statutory provisions, procedural rules and the latest judicial precedents. Readers are advised to obtain independent legal advice before initiating, defending or settling any proceeding before a Debt Recovery Tribunal, Debt Recovery Appellate Tribunal, High Court or the Supreme Court of India.

References to statutory provisions, procedural requirements, judicial decisions and practical guidance are intended solely to facilitate understanding of the law and may change with subsequent amendments or judicial interpretation.

Neither AVP Legis Chambers nor the authors of this Guide accept any responsibility or liability for any loss, claim or consequence arising from reliance upon the information contained herein without obtaining appropriate professional legal advice.