DRT & DRAT Practice

The Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) were established to ensure the expeditious adjudication and recovery of debts due to banks and financial institutions under the Recovery of Debts and Bankruptcy Act, 1993. These specialised forums also exercise significant jurisdiction under the SARFAESI Act, 2002, making them central to the resolution of banking, financial, and secured lending disputes.

At AVP Legis Chambers, we provide comprehensive legal representation before DRTs and DRATs, advising banks, financial institutions, asset reconstruction companies (ARCs), corporate borrowers, guarantors, promoters, and individual borrowers. Our multidisciplinary experience in banking law, insolvency, finance, and commercial litigation enables us to deliver practical, commercially focused legal solutions.

Debt Recovery & Banking Litigation

We represent banks and financial institutions in proceedings for recovery of outstanding dues, enforcement of security interests, execution of Recovery Certificates, and other recovery actions. Our services include drafting and prosecuting Original Applications (OAs), recovery proceedings, execution matters, and enforcement actions before Recovery Officers.

For borrowers and guarantors, we provide strategic legal advice and representation in defending recovery proceedings, negotiating settlements, restructuring debt, and protecting legal rights during recovery actions initiated by lenders.

SARFAESI Litigation

The SARFAESI Act empowers secured creditors to enforce security interests without court intervention, subject to statutory safeguards available to borrowers. We regularly represent borrowers, guarantors, and secured creditors in proceedings arising from possession notices, demand notices, symbolic and physical possession, auction sales, valuation disputes, and other enforcement measures. We also assist clients in filing and defending applications challenging measures taken under the SARFAESI Act before the appropriate tribunals.

Appeals Before DRAT

We advise and represent clients in appellate proceedings before the Debt Recovery Appellate Tribunal against orders passed by DRTs. Our services include preparing appeals, obtaining interim relief, addressing issues relating to statutory pre-deposit requirements, and presenting comprehensive legal arguments aimed at protecting our clients' financial and commercial interests.

Banking, Insolvency & Commercial Advisory

Debt recovery proceedings frequently intersect with insolvency, restructuring, corporate finance, and commercial transactions. Our Firm advises lenders, borrowers, guarantors, promoters, and corporate entities on debt restructuring, One-Time Settlement (OTS) negotiations, restructuring of stressed assets, enforcement strategies, and issues involving simultaneous proceedings under the Insolvency and Bankruptcy Code, SARFAESI Act, Companies Act, and other financial statutes.

Strategic Representation

Every banking dispute requires careful evaluation of legal rights, commercial realities, and recovery strategies. We assist clients at every stage of the proceedings, including legal notices, drafting pleadings, interim applications, evidence, settlement negotiations, execution proceedings, and appellate remedies. Our objective is to secure timely, practical, and commercially viable outcomes while protecting our clients' legal and financial interests.

Practical Experience. Effective Solutions.

At AVP Legis Chambers, our DRT and DRAT practice is strengthened by extensive experience in banking, finance, insolvency, and commercial litigation. By combining technical legal expertise with strategic planning and practical insight, we provide effective representation in complex debt recovery and banking disputes, helping our clients navigate regulatory challenges with confidence and achieve efficient resolution of their matters.