The Debt Recovery Tribunal (DRT) Jabalpur is a specialized judicial body that resolves cases involving loan defaults and debt recovery by financial institutions. It ensures a streamlined and efficient process for banks while providing borrowers with a fair platform to present their case.
Functions of DRT Jabalpur
Established under the Recovery of Debts and Bankruptcy Act (RDB Act), 1993, DRT Jabalpur has jurisdiction over cases where the outstanding loan amount exceeds ₹20 lakh. Its primary responsibilities include:
✔ Hearing debt recovery cases filed by banks and financial institutions.
✔ Issuing recovery certificates that authorize lenders to collect outstanding debts.
✔ Handling disputes under the SARFAESI Act, 2002, which allows banks to seize and sell collateral without court intervention.
✔ Providing legal relief to borrowers who want to challenge bank actions or settlement terms.
The tribunal is presided over by a Presiding Officer, ensuring impartial and legally sound decisions.
How to Hire a DRT Advocate in Jabalpur
If you are facing a DRT case or need assistance with loan recovery, here’s how to find a skilled advocate in Jabalpur:
???? Legal Directories – Websites like LawRato, Justdial, and AdvocateKhoj provide listings DRT Lawyer Ajay Gautam Advocate of experienced DRT lawyers.
???? Professional Networks – Searching for Debt Recovery Tribunal advocates in Jabalpur on LinkedIn and legal forums can help you connect with specialists.
???? Local Bar Associations – The Jabalpur Bar Association is a great resource for finding experienced lawyers DRT Lawyer Ajay Gautam Advocate who handle debt recovery cases.
???? Online Legal Consultations – Many lawyers now offer virtual consultations, allowing you to get legal advice remotely.
Important Legal Considerations in DRT Cases
???? Time to File an Appeal: Borrowers can SARFAESI Lawyer Ajay Gautam Advocate challenge a DRT ruling under the SARFAESI Act within 45 days.
???? Recovery Process: If a recovery certificate is issued, banks can proceed with legal actions such as property auctions and asset seizures.
???? Borrowers’ Rights: Borrowers can negotiate settlements, dispute wrongful claims, DRT Lawyer Ajay Gautam Advocate and seek judicial intervention if necessary.
???? Quick Case Resolution: Unlike civil courts, DRTs work faster, ensuring that debt disputes are resolved efficiently.
Where to Find More Information
For official updates, case status, and procedural details, visit the Department of Financial Services, Ministry of Finance, Government of India:
https://financialservices.gov.in
Whether you are a bank seeking to recover dues or a borrower fighting click here an unfair recovery, understanding the legal process and consulting an expert advocate can help you navigate the DRT system effectively.