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TRIBUNAL INFORMATION

National Consumer Disputes Redressal Commission


DEBT RECOVERY TRIBUNAL

The Debts Recovery Tribunal (DRT) enforces provisions of the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 and also Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002.

Under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 banks approach the Debts Recovery Tribunal (DRT) whereas, under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002 borrowers, guarantors, and other any other person aggrieved by any action of the bank can approach the Debts Recovery Tribunal (DRT).

Debts Recovery Tribunal are located across the country. Some cities have more than one Debts Recovery Tribunals. New Delhi, Chennai, Kolkata and Mumbai have three Debts Recovery Tribunals. Ahmedabad and Chandigarh have two Debts Recovery Tribunal (DRT) each. One Debts Recovery Tribunal has been constituted at Allahabad, Aurangabad, Bangalore, Coimbatore, Cuttack, Earnakulam, Guwahati, Hyderabad, Jabalpur, Jaipur, Lucknow, Madurai, Nagpur, Patna, Pune, Vishakapatnam and Ranchi.

Each Debts Recovery Tribunal (DRT) is presided over by a Presiding Officer. The Presiding Officer is generally equivalent to the rank of Dist. & Sessions Judge. A Presiding Officer of a Debts Recovery Tribunal is assisted by a number of officers of other ranks, but none of them need necessarily have a judicial background. Therefore, the Presiding Officer of a Debts Recovery Tribunal is the sole judicial authority to hear and pass any judicial order.

Each Debts Recovery Tribunal has two Recovery Officers. The work amongst the Recovery Officers of a Debts Recovery Tribunal (DRT) is allocated by the Presiding Officer of the Tribunal. Though the Recovery Officer of the Tribunal need not be a judicial Officer, but the orders passed by a Recovery Officer are judicial in nature, and are appealable before the Presiding Officer of the Debts Recovery Tribunal (DRT).

The Debts Recovery Tribunal can appoint Receivers, Commissioners, pass ex-parte orders, ad-interim orders, interim orders apart from powers to Review its own decisions and hear appeals against orders passed by the Recovery Officers of the Tribunal.

Address & Contact details:

Address:

BankDRT Informatic Services, B – 6&7, Second Floor, Street No. 13, Madhu Vihar, Patparganj, IP Extension, Delhi - 110092

Phone No.:

011-22247128, 91-8527902097, 91-9013823660

E-mail:

info@bankdrt.com


 

                     For More Information Click: http://bankdrt.net/

 

DEBT RECOVERY APPELLATE TRIBUNAL

 

Appeals against orders passed by Debts Recovery Tribunal (DRT) lie before Debts Recovery Appellate Tribunal (DRAT). There five Debts Recovery Appellate Tribunal (DRATs) located in the country. One Debts Recovery Appellate Tribunal (DRAT) is located each at Delhi, Allahabad, Mumbai, Chennai and Kolkata. A Debts Recovery Appellate Tribunal (DRAT) conducts circuit sittings in different cities where Debts Recovery Tribunal (DRTs) are located over which it has appellate jurisdiction.

 

Appellate Tribunal

Chairman

Jurisdiction over Debt Recovery Tribunals at:

Allahabad

Hon’ble Justice R. K. Gupta

Allahabad, Lucknow and Jabalpur

Chennai

Hon’ble Justice Ravi Shankar

Bangalore, Chennai – 1, Chennai – 2, Coimbatore, Ernakulam and Madurai

Kolkata

Hon’ble Justice Arunabha Barua

Cuttack, Guwahati, Patna, Kolkata -1, Kolkata -2, Kolkata -3, Hyderabad, Vishakhapatnam and Ranchi 

Mumbai

-

Ahmedabad, Aurangabad, Mumbai – 1, Mumbai – 2, Mumbai – 3, Nagpur and Pune

New Delhi

Hon’ble Justice Syed Nazim Husain Zaidi

Chandigarh, Delhi -1, Delhi -2, Delhi -3 and Jaipur

 

 

Addresses of Debt Recovery Appellate Tribunals:

Appellate Tribunal

Address

Allahabad

147 – A – 58/1, Jawahar Lal Nehru Road, Tagore Town, Allahabad (UP)

Chennai

4th Floor, Indian Bank Circle Office, 55, Ethiraj Salai, Chennai - 600008

Kolkata

4th Floor, Hudco Building, 15-N, Nelie Sengupta Sarani, New Market Complex, Phase – 1, Kolkata - 700087

Mumbai

Scindia House, Narottam Morarjee Marg, Opposite I. & T. House, Billard Estate, Mumbai - 400038

New Delhi

Apartment No. 318, 3rd Floor, Samrat Hotel, Chanakyapuri, Delhi - 110021