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DRT BAR ASSOCIATION
ARCs seek bigger role in RBI's new securitisation frameworkThe RBI's draft allows pooling and securitising stressed retail and corporate loans, barring categories like farm loans, education loans, f...- SC issues notice to Centre over vacancies in Debt Recovery TribunalsThe Supreme Court is demanding answers from the Finance Ministry regarding numerous vacancies in Debt Recovery Tribunals (DRTs) nationwide....
- NCLAT gets third Acting Chairperson in a row; No full-time head since Mar 2020This is the third time in a row that an Acting Chairperson is at the helm of the NCLAT, which is handling several crucial appeals related t...
- SC asks SBICAP Ventures to take call in 10 days on funding Amrapali projectsThe top court directed court receiver senior advocate R Venkatramani, who has been appointed custodian of properties of Amrapali Group, to ...
- NCLT orders insolvency proceedings for IDEB projectsThe National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process for IDEB Projects.
- Finance ministry draws Bombay HC ire over DRT non-functioningDRT, which dealt with debt-recovery cases involving banks, financial institutions and their customers, was non-functional for over a month.
- DRT allows bankers' plea on lifting of corporate veil, passes two other ordersBankers had filed the IA seeking lifting of corporate veil to pierce the protection against personal liablity enjoyed by individuals contro...
- DRT to pass orders on interlocutory applications in Vijay Mallya case tomorrowDutch beer major Heineken had filed an application before the Debt Recovery Tribunal, seeking to be impleaded in the case to enjoy Right of...
- need2know: Tackling wilful defaulters, EPF tax rollbacks and moreFor former ‘king of good times’ Vijay Mallya, it is literally pay back time. The debt recovery tribunal has barred him from withdrawing $75...
- NBFCs say RBI's new rules will work against financial inclusion, drive towards unscrupulous moneylendersThe new rules, through which the RBI is trying to align NBFC regulations with those of banks, are also likely to dent the profitability of ...
- Bill to check wilful loan defaults likely in Winter session"The Finance Ministry is working on draft Bill on wilful defaulters with penal provisions and it is making efforts to table it in the Winte...
- Finance Ministry sets up panel to give more teeth to debt recovery lawsA panel has been constituted by Department of Financial Services for suggesting changes in the existing laws to make debt recovery more eff...
- Debt Recovery Tribunals bogged down by inadequate infrastructure and red tapeConceived as saviours to banks, these tribunals have been bogged down by inadequate infrastructure and red tape, with cases taking years, a...
- Debt Recovery Tribunals in dire straitsConceived as saviours to banks, these tribunals feel the pinch of inadequate infrastructure & funds, staff shortage and red tape
- Staff crunch forces debt recovery tribunals to put off casesDRTs, an important mechanism for loan recovery by banks, are foundering amid charges of lack of professionalism and shortage of staff as ba...
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