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What is the procedure to file a case in DRT
21-Apr-2023 (In Banking / Finance Law)
Sir, we need to file DRT against npa barrowers their outstanding balance more than 10 lakhs then what is the procedure to file DRT what are necessary documents for DRT can you please guide. Us
It is not clear what your status is as a creditor, a bank or an nbfc. Details of the securities held have not been provided. You may please consult me in person with all relevant details and documents.
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Adv. Swaminathan Neelakantan
Coimbatore | 700+ Answers
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Procedure for filing applications.-
(1) 1
[The application under section 19 or section 31A, or under section 30(1) of the Act
may be presented as nearly as possible in Form-I, Form-II and Form-III respectively] annexed to
these rules by the applicant in person or by his agent or by a duly authorised legal practitioner to
the Registrar of the Bench within whose jurisdiction his case falls or shall be sent by registered
post addressed to the Registrar.
(2) An application sent by post under sub-rule (1) shall be deemed to have been presented
to the Registrar the day on which it was received in the office of the Registrar.
(3) The application under sub-rule (1) shall be presented in 2
[two sets], in a paper book
along with an empty file size envelope bearing full address of the 2
[defendant] and where the
number of 2
[defendants] is more than one, then sufficient number of extra paper-books together
with empty file size envelopes bearing full address of each of the 2
[defendant] shall be furnished
by the applicant
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Adv. Balasubramanian
Chennai | 25+ Answers
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