Loan defaults, asset seizures, and debt recovery actions can have serious consequences for both lenders and borrowers. The Debt Recovery Tribunal (DRT) serves as a dedicated forum to resolve such financial disputes efficiently. Advocate Neha Gund provides skilled and result-oriented legal representation before DRTs, protecting the rights of borrowers, guarantors, and financial institutions alike.

What is DRT?

The Debt Recovery Tribunal was established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act) to expedite the recovery of debts by banks and financial institutions. It also handles proceedings under the SARFAESI Act, 2002, allowing lenders to recover secured assets without court intervention.

Services Offered by Advocate Neha Gund

Representation in DRT Proceedings

• Defending borrowers and guarantors in recovery suits filed by banks

• Representing financial institutions in debt recovery applications

• Challenging the validity of notices and recovery actions

SARFAESI Proceedings

• Challenging possession notices, auction notices, and sale of secured assets

• Filing Section 17 applications against actions taken by secured creditors

• Seeking relief against illegal or premature enforcement under SARFAESI

Stay on Property Auction or Possession

• Filing urgent applications to stay auction of property or repossession of assets

• Representation in DRT and appellate forums to protect borrower interests

Appeals in DRAT (Debt Recovery Appellate Tribunal)

• Filing and arguing appeals against DRT orders

• Seeking interim relief, stays, or modifications from the appellate tribunal

Corporate Debt and NPA Matters

• Legal advice for companies facing NPA (Non-Performing Asset) classification

• Assistance in restructuring, settlement, or one-time settlement (OTS) schemes

• Defending directors and promoters from personal guarantee claims

Common DRT Disputes Handled

• Recovery suits by banks and NBFCs

• SARFAESI action against residential or commercial property

• Illegal possession or undervalued auctions

• Objections to valuation, sale process, or creditor conduct

• Personal liability of guarantors or company directors