Search results
DRATS Portal. Forgot Password?
DEBTS RECOVERY APPELLATE TRIBUNALS (DRATs) The Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) provides speedy redressal to lenders and borrowers through filing of Original Applications (OAs) in Debts Recovery Tribunals (DRTs) and appeals in Debts Recovery Appellate Tribunals (DRATs).
The Debt Recovery Appellate Tribunal at Chennai was established by Government of India vide Gazette notification issued by the Ministry of Finance on 17th February, 2000 to hear and adjudicate on appeals preferred against the judicial orders passed by the Presiding Officers of various Debt Recovery Tribunals functioning in the Southern region ...
Debt Recovery Tribunal - I, Chennai. The Debts Recovery Tribunals have been established by the Government of India under an Act of Parliament (Act 51 of 1993) for expeditious adjudication and recovery of debts due to banks and financial institutions.
Debts Recovery Tribunal No. 2, Chennai. Expeditious adjudication and recovery of debts due to banks and financial institutions. Cause Lists.
Debts Recovery Tribunal is the appellate authority for appeals filed against the proceedings initiated by secured creditors under Sub-Section (4) of Section 13 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002.
The Debt Recovery Appellate has been constituted under Section 8 of The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to hear and adjudicate on Appeals filed against the orders passed by the Presiding Officers of the seven Debt Recovery Tribunals functioning in Southern India. This Tribunal is also the second court of ...
The Chennai Debts Recovery Tribunal was the second DRT to be set up in the Southern Region. It started functioning from 31.10.1996. Initially, it had jurisdiction over the states of Tamil Nadu and Kerala and the Union Territories of Pondicherry and Lakshdweep.
What are the Debts Recovery Tribunals? The Debts Recovery Tribunals have been established by the Government of India under an Act of Parliament (Act 51 of 1993) for expeditious adjudication and recovery of debts due to banks and financial institutions. Top. Who can file cases before the DRTs?
President of India promulgated The Recovery of Debts Due to Banks and Financial Institutions Ordinance, 1993 (Ordinance No.25 of 1993) on 24th June, 1993, to provide for establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions.
