Debts Recovery Tribunal, Delhi
Bank and financial institution recovery above the statutory threshold is pursued before the Debts Recovery Tribunal rather than the civil courts. Borrowers challenging enforcement action under the SARFAESI Act also come here.
Matters heard here
- Bank and financial institution recovery applications
- Securitisation applications challenging SARFAESI action
- Stay of possession and auction proceedings
- Appeals to the Debts Recovery Appellate Tribunal
- One-time settlement and restructuring negotiations
Practical information
- Governing law
- Recovery of Debts and Bankruptcy Act, 1993, and the SARFAESI Act, 2002
- Borrower's remedy
- Securitisation application under Section 17 of the SARFAESI Act
- Timing
- SARFAESI challenges are time-bound and should not be delayed once notice is received
- Appeal
- To the Debts Recovery Appellate Tribunal
Court timings, cause lists and jurisdictional assignments change from time to time. Confirm the current position for your matter before travelling.
Common questions
The bank has issued a SARFAESI notice on my property. What can I do?
A securitisation application before the DRT is the statutory remedy, and it is time-bound. Acting promptly on receipt of the notice matters, because relief becomes materially harder once possession has been taken and an auction scheduled.
Can a civil court stay a bank auction?
Generally no. Jurisdiction in these matters is with the DRT, and civil courts are barred from entertaining them. Approaching the wrong forum loses time you may not have.
Appearing at Debts Recovery Tribunal, Delhi?
Send us the summons or order and we will tell you what the date is for and whether you need to be present.