Banking, Finance & DRT
The firm advises banks, financial institutions, and corporate borrowers on recovery proceedings, secured-asset enforcement, and banking disputes.
Scope of work the firm handles
- DRT and DRAT proceedings (Debt Recovery Tribunal / Appellate Tribunal)
- SARFAESI Act enforcement and challenges
- Recovery suits and execution proceedings
- Negotiable Instruments Act matters (Section 138 cheque dishonour)
- Banking disputes — letters of credit, guarantees, account disputes
- Loan-document drafting and security creation
- Action under the Insolvency and Bankruptcy Code (limited scope)
- Restructuring and one-time settlement negotiations
Who typically engages the firm
- Banks and NBFCs pursuing recovery actions
- Borrowers contesting recovery or enforcement proceedings
- Guarantors and security providers
- Corporates in dispute with their lenders
Where the firm appears
Relevant statutory framework
- Recovery of Debts and Bankruptcy Act, 1993
- SARFAESI Act, 2002
- Negotiable Instruments Act, 1881
- Insolvency and Bankruptcy Code, 2016 (limited application)
- Indian Contract Act, 1872
- RBI Master Directions and Circulars
How an engagement begins
- 01 Initial consultation
An initial consultation is arranged on request to understand the matter.
- 02 Engagement letter
If the firm is in a position to assist, an engagement letter setting out the scope of work and the terms of engagement is shared.
- 03 Representation, drafting or advisory
The firm proceeds with the agreed scope of work — representation, drafting, vetting, or advisory work as the engagement requires.
Frequently asked questions
What is the difference between DRT-1 and DRT-2?
They are separate Debt Recovery Tribunals constituted under the same statute, with jurisdiction divided geographically and by case load. Both follow the same procedural law. The forum is determined by the location of the cause of action and the bank's branch.
Can a borrower challenge a SARFAESI notice?
Yes. A borrower can file a Section 17 application before the DRT challenging measures taken under Section 13(4) of the SARFAESI Act. Strict timelines apply.
Is the firm empanelled with banks?
The firm is available for empanelment with banks, PSUs, government, and corporates. Specific empanelments are subject to the empanelling institution's process.
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Discuss a matter in this area
Phone, WhatsApp, email, or the form. An initial consultation is arranged on request.