Our Chamber is handling matters relating to the cases filed by Banks and Financial Institutions for Recovery of their dues in Debts Recovery Tribunal (DRT) under The Recovery of Debts and Bankruptcy Act, 1993.
Our Chamber is also dealing with Appeals arising from DRT proceedings which are filed before Debts Recovery Appellate Tribunal (DRAT).
The DRT for Delhi is situated at Jeevan Tara Building, Parliament Street, New Delhi, and DRAT is situated in Ashok Hotel, Chanakyapuri, New Delhi.
After the notification of, the Chapter of Personal Bankruptcy under the Insolvency & Bankruptcy Code, 2016, the Debt Recovery Tribunal has become the Adjudicating Authority and the DRAT is its Appellate Tribunal for Personal Insolvency matters under Insolvency & Bankruptcy Code, 2016 (apart from the matters of Personal Guarantors which shall continue to be dealt by NCLT and NCLAT).
Our Chamber also has extensive experience in defending Companies against SARFAESI proceeding initiated by Banks before Magistrates for attachment of the assets of distressed entities under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) and the related Proceedings/Appeals before DRT and DRAT.