DRT Matter

Introduction

Welcome to the “DRT Matters” section of our website. At IJA, we understand that dealing with debt recovery issues can be overwhelming. Debt Recovery Tribunals (DRTs) play a crucial role in resolving disputes between lenders and borrowers, but the process can be complex and challenging. Our experienced advocates are here to guide you through every step of the DRT process, ensuring that your rights are protected, and your interests are represented.

What is a Debt Recovery Tribunal (DRT)?

Debt Recovery Tribunals are specialized quasi-judicial bodies established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Their primary function is to adjudicate disputes related to the recovery of debts due to banks and financial institutions.

• Purpose: To expedite the recovery of debts and ensure that financial institutions can recover their dues efficiently.
• Jurisdiction: DRTs have the authority to hear cases involving loans, advances, and financial liabilities that exceed a specified threshold amount.

Why DRT Matters

The DRT process is designed to be faster and more streamlined than traditional court proceedings, offering several advantages:

1. Speedier Resolution: DRTs aim to resolve debt recovery cases more quickly than conventional courts, reducing the time and stress associated with protracted legal battles.
2. Specialized Knowledge: Judges in DRTs are experts in financial matters, which can lead to more informed and fair decisions.
3. Focused Process: The DRT process is specifically tailored to address issues related to debt recovery, making it a more efficient forum for resolving such disputes.

Navigating the DRT process requires a thorough understanding of the legal framework and procedural nuances. Our team of skilled advocates is here to provide comprehensive support:

• Case Evaluation: We assess your case to determine the best course of action, whether you are a lender seeking to recover dues or a borrower facing claims.
• Representation: Our advocates represent you before the DRT, ensuring that your arguments are effectively presented, and your interests are protected.
• Strategy Development: We develop a tailored legal strategy to address your specific needs and goals, aiming for the most favourable outcome.
• Legal Advice: We offer expert advice on the best practices for handling debt recovery issues and navigating the tribunal’s procedures.

Why Choose Us?

• Experienced Team: Our advocates have extensive experience in1 dealing with DRT matters and a proven track record of successful outcomes.
• Client-Centric Approach: We prioritize your needs and work closely with you to ensure that your case is handled with the utmost care and attention.
• Transparent Communication: We keep you informed at every stage of the process, providing clear and honest updates on your case.

If you are facing a debt recovery issue or need assistance with a case before a Debt Recovery Tribunal, don’t hesitate to reach out. Our team is here to help you navigate the complexities of the DRT process with confidence.

Let IJA be your trusted advocate in resolving your DRT matters effectively and efficiently. Contact us today to schedule a consultation.