Banking & Insurance Law
Banking & Insurance Law
Keeping in line with the international trends on helping financial institutions to recover their bad Debt quickly and effeciently, the Government of India has constituted thirty three Debt Recovery Tribunal and five Debt Recovery Appellate Tribunal across the country. The Debt Recovery Tribunal are located across the country. Some cities have more than one Debt Recovery Tribunal located therein. New Delhi and Mumbai have three Debt Recovery Tribunal. There are two Debt Recovery Tribunals in Kolkata and Chennai. Ahmdabad, Allahabad, Arungabad, Bangalore, Chandigrah, Coimbatore, Cuttack, Ernakulam, Guwahati, Hydrabad, Jabalpur, Jaipur, Lucknow, Nagpur, Patna, Pune, Ranchi, and Vishakapatnam each have one Debt Recovery Tribunal. A Debt Recovery Tribunal is established based on the number of cases.
We offer complete legal services and advice for all kinds of commercial and banking transactions, including:
- Negotiations and documentation,
- Securitisation and Hypothecation
- Personal Loans
- Backed loans mortgages and car loans;
- Mortgage
- Interim orders under section 9 of Arbitration and conciliation Act;
- Arbitration proceedings;
- Recovery actions under CPC order XXXVII;
- OA prior to DRT; issues before the DRAT;
- Protection against taking possessions of the Mortgage;
- Proceedings before DRT-appointed Recovery Officers;
We also help our clients with things like partnership, agency, and distributorship arrangements, as well as with recovery and insolvency. We have extensive expertise handling the following issues:
- complaints made in accordance with N.I. Act,
- The Arbitration and Conciliation Act’s Section 9 petitions,
- Under the Arbitration and Conciliation Act’s section 34,
- Insolvency and Consumer Cases against Banking and Financial Institutions.
- RDDBFI Act and SARFAISI Act-related debt recovery matters before DRT/DRAT