Debt disputes involving large sums, secured assets, or financial institutions often fall under the jurisdiction of the Debt Recovery Tribunal (DRT). Whether you’re a bank, NBFC, corporate entity, or individual creditor—recovering debts legally and efficiently requires expert navigation of DRT procedures. At Siatric, our experienced Debt Recovery Tribunal lawyers in Delhi represent clients in all stages of debt recovery, from filing Original Applications (OAs) to executing final recovery certificates.
What is the Debt Recovery Tribunal (DRT)?
The Debt Recovery Tribunal was established under the Recovery of Debts and Bankruptcy Act, 1993 (formerly RDDBFI Act) to expedite the recovery of debts due to banks and financial institutions. It exclusively handles cases where the amount due is ₹20 lakhs or more.
Key matters handled by DRT include:
- Original Applications (OA) by banks/NBFCs for loan default
- Securitisation appeals under the SARFAESI Act
- Debt recovery certificate execution
- Attachment and sale of property/assets
- Borrower defenses against recovery actions
Who Needs a DRT Lawyer in Delhi?
You need a qualified Debt Recovery Tribunal lawyer in Delhi if:
- You’re a bank, NBFC, or financial institution seeking fast-track loan recovery
- You’re a business owner or creditor owed ₹20 lakh+ by a borrower or defaulter
- You’re a borrower or guarantor defending against aggressive debt recovery
- You’re challenging a SARFAESI action like possession notice or auction
- You’re dealing with secured property seizure or recovery certificate execution
Siatric – Expert Legal Support for DRT Cases in Delhi
At Siatric, we offer comprehensive legal services for DRT matters, representing both creditors and borrowers before DRT and DRAT (Debt Recovery Appellate Tribunal). Our lawyers ensure every action—from documentation to representation—is aligned with the applicable laws and deadlines.
We handle DRT cases across:
- DRT-I, Delhi (Minto Road)
- DRT-II, Delhi (Jeevan Tara Building)
- DRT-III, Delhi
- DRAT, Delhi (Appellate Tribunal for North India)
Types of DRT Cases We Handle
Original Applications (OA) by Banks/NBFCs
We file recovery applications on behalf of banks and financial institutions under the RDDBFI Act, seeking prompt debt recovery and issuance of Recovery Certificates.
SARFAESI Appeals
If a borrower’s property is seized without due process under SARFAESI, we file appeals under Section 17 of the SARFAESI Act before DRT.
Borrower Defense Representation
We represent businesses and individuals defending against DRT proceedings and challenge unlawful demands, interest calculations, or asset attachments.
Recovery Certificate Execution
Once the DRT issues a Recovery Certificate, we help clients initiate and complete the execution process, including attachment and sale of debtor’s assets.
Settlement & Restructuring Agreements
We assist in loan restructuring, out-of-court settlements, and negotiation with banks to avoid litigation or reduce liabilities.
Why Choose Siatric for DRT Matters?
🔷 Specialized DRT Lawyers in Delhi
Our legal team has in-depth knowledge of DRT procedures, timelines, and SARFAESI law.
🔷 End-to-End Legal Assistance
From drafting recovery applications to final recovery execution—we handle it all.
🔷 Strategic Litigation & Defense
We provide tailored litigation strategies for both banks and borrowers.
🔷 Fast, Practical Solutions
Our goal is simple: fast-track recovery with minimum loss and delay.
🔷 Confidential & Professional Approach
Financial disputes require discretion. Your data, documents, and interests are protected at all stages.
Legal Process in a DRT Case
1. Legal Consultation & Documentation
We assess loan documents, default records, bank statements, and collateral security.
2. Filing of Original Application (OA)
We prepare and file the OA or SARFAESI appeal with DRT, along with affidavit and evidence.
3. DRT Proceedings
We represent clients during hearings, interim relief applications, and cross-examinations.
4. Recovery Certificate or Appeal
DRT may issue a Recovery Certificate or pass orders which can be challenged before DRAT.
5. Execution
We help enforce recovery orders through attachment, auction, or settlement.
Our DRT Clients Include:
- Banks and NBFCs recovering secured or unsecured loans
- Corporate entities seeking repayment from defaulters or vendors
- Real estate developers dealing with SARFAESI actions
- Guarantors and co-borrowers defending against liability claims
- Startups and MSMEs facing unfair loan recall or recovery pressure
Conclusion
Debt recovery cases are complex and time-bound—and DRT is the right forum to recover high-value dues efficiently. Whether you’re a bank seeking fast resolution or a borrower protecting your assets, Siatric provides expert legal support at every stage. With a seasoned team of Debt Recovery Tribunal lawyers in Delhi, we help you navigate DRT procedures, minimize financial loss, and ensure lawful outcomes.
Facing a debt recovery issue? Let Siatric represent your interest at the DRT. Book a consultation today.
