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Kotak Mahindra Bank’s Negligence in Serving Auction Notice Voids Sale: DRAT upholds 9% Interest Refund to Purchaser [Read Order]

The Debts Recovery Appellate Tribunal (DRAT), Kolkata, has dismissed an appeal filed by Kotak Mahindra Bank Ltd., thereby affirming the order of the...

DRAT Transfers Cases from DRT-III to DRT-II to Ensure Fair Proceedings amid Allegations of Bias

DRAT Holds Bank of Maharashtra Liable for Interest on Funds Held for Over 3 Years After Botched Sale...

Status Quo Order Not Served: Orissa HC Upholds Bank's SARFAESI Auction of Cashew Unit's Property...

DRAT directs Borrowers to pay to Canara Bank Rs.10.50 Cr towards Loan Due [Read Order]

High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]

The Punjab and Haryana High Court directed the assessee to avail remedy before Debts Recovery Tribunal (DRT) and thereafter, Debts Recovery Appellate Tribunal (DRAT) holding that High Courts cannot...

Application filed u/s 17 A (2) of RDB Act could not decide due to pending amendment application before Tribunal: DRAT directs DRT to decide in a Week [Read Order]

The Allahabad bench of the Debts Recovery Appellate Tribunal (DRAT) directed the DRT to decide the application filed under section 17A (2) of the Recovery of Debts and Bankruptcy (RDB Act),1993 ...

Realisation of Debt due by Company is possible even if company stands dissolved u/s 250 of the Companies Act: DRAT

The Delhi bench of the Debts Recovery Appellate Tribunal (DRAT) has observed that even if the company stands dissolved under Section 250 of the Companies Act, it remains alive for realization of...

Appellant has right to Cross Examination even against Ex Parte OA: DRAT

In a recent case, the Kolkata bench of the Debts Recovery Appellate Tribunal (DRAT)has held that appellant has right to cross-examination even against ex parte OA. Neelam Enterprises,the...

Principles of res judicata applies on Appeal Cross examination of Bank witnesses which Already Rejected by Previous Order: DRAT

In a recent case , the Debts Recovery Appellate Tribunal (DRAT) has held that principles of res judicata applies on appeal cross-examination of bank witnesses that were already rejected by a...

Loan granted under state govt sponsored scheme not Amounts debt u/s 2(g) of RDB Act, Proceeding under SARFAESI Act Not Maintainable: DRAT

The Debts Recovery Appellate Tribunal (DRAT) at Allahabad Bench has ruled that loan granted under state government-sponsored scheme is not amount to debt under section 2(g) of the Recovery of Debts...

Finance Ministry Notifies Amendment on Debt Recovery Tribunal Rules [Read Notification]

The Finance Ministry has recently notified an amendment on the Debts Recovery Appellate Tribunal, Chennai and Debts Recovery Tribunals at Ernakulam, Chennai, Madurai, Coimbatore and Bangalore...