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Non-Service of Demand Notice and Irregularities in Auction Sale: DRAT Remands Matter for Fresh Decision [Read Order]

The borrower contended that no demand notice under Section 13(2) of the SARFAESI Act was served, and that the auction was conducted at a throw‑away...

DRAT Defers PNB Housing Finance Move to Take possession of Mortgaged Property, Orders ₹20 lakh...

Property Sold Below Distress Value Violating Rule 8(6) SARFAESI Rules: DRAT Directed Bank to Refund...

Legal Rep Cannot Raise New Defence Not Taken By Deceased Borrower: DRAT Upholds Rejection of...

DRT Dismisses Appeal due to Non‑Compliance with Pre‑Deposit: DRAT Remands Matter to Examine ₹3.71...

Stakeholders Show Unwillingness to Mediation: DRAT Directs DRT to Expedite Hearing of Securitisation Application [Read Order]

The Debt Recovery Appellate Tribunal (DRAT), Kolkata, has disposed of an appeal, directing the debt recovery tribunal to hear the pending securitization application expeditiously. The appeal...

Debt Claim Rejected under Co-op Act Bars SARFAESI Measures: DRAT [Read Order]

The Debts Recovery Appellate Tribunal (DRAT), Mumbai bench, has held that once a debt claim is rejected under the Maharashtra Co-operative Societies Act, 1960, it cannot be invoked under the...

Failure to Serve Possession & Sale Notices on Corporate Guarantor: DRAT Upholds DRT Order, Dismisses Canara Bank’s Appeal [Read Order]

The Debts Recovery Appellate Tribunal (DRAT), Allahabad Bench, has dismissed Canara Bank’s appeal and upheld the order of the Debts Recovery Tribunal (DRT) quashing SARFAESI proceedings initiated...

DRT Cannot Bypass DRAT & High Court Directions: DRAT Sets Aside Order, Directs Adjudication of Counter-Claim of Company [Read Order]

The Debts Recovery Appellate Tribunal (DRAT), Kolkata, has set aside an order of the Debts Recovery Tribunal (DRT) holding that DRT cannot bypass orders and is bound by the directions of DRAT,...

No Registered Instrument or Oral Agreement to Prove Statutory Tenancy: DRAT affirms Recovery of Property [Read Order]

The Debts Recovery Appellate Tribunal (DRAT), Allahabad, has dismissed the appeal filed by the appellant and affirmed the recovery of the property, holding that the tenants/ appellants have not...

Loan Not Fully Disbursed, Project Stalled: DRAT Upholds Interest Rate Reduction to 10% by DRT and Dismisses HUDCO’s Appeal [Read Order]

The Allahabad bench of the Debt Recovery Appellate Tribunal (DRAT) has affirmed the Debt Recovery Tribunal’s (DRT) order, which reduced the contractual interest rate from 15.75% per annum (with...

Application u/s 19 of Recovery of Debts and Bankruptcy Act Maintainable Where Bank Holds Account: DRAT [Read Order]

The Kolkata bench of the Debts Recovery Appellate Tribunal (DRAT) has held that an application under section 19 of the Recovery of Debts and Bankruptcy Act 1993 can be filed in any branch or any...