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THE DRT ACT
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land back- FinMin to meet chiefs of PSU banks on Fri to review credit flow to agri, MSME sectors
- IBBI issues new guidelines to speed up appointment of insolvency professionals
- Misuse of Insolvency and Bankruptcy Code by loan defaulters has tendency to badly impact economy: HCThe Bombay High Court has strongly condemned loan defaulters and guarantors for exploiting the Insolvency and Bankruptcy Code. This practic...19 Mar, 2026, 05.39 PM IST
- Home loan default case: Why acting within 45 days can stop a bank auctionBanks can auction homes for home loan defaults. Borrowers facing this can approach the Debt Recovery Tribunal within 45 days of the bank's ...17 Mar, 2026, 02.51 PM IST
- Govt contemplating changes in SARFAESI, DRT laws; to provide legal sanctity to e-noticesThe Finance Ministry has set up a panel to propose amendments to the SARFAESI and DRT Acts, aiming to expedite debt recovery. E-notices wer...19 Mar, 2024, 04.29 PM IST
- Civil courts can take up counter case of borrower against lenders: Supreme CourtThe top court was dealing with the vexed legal question whether a borrower, facing the recovery proceedings by a lending bank under the Rec...11 Nov, 2022, 12.37 AM IST
- Civil courts not barred from entertaining counter case of borrower against banks, financial institutions: Supreme Court"There is no provision in the RDB Act by which the remedy of a civil suit by a defendant in a claim by the bank is ousted," a bench of just...10 Nov, 2022, 09.09 PM IST
- Debt Recovery Tribunal stops DHFL from making paymentsMove comes a day after Bombay HC told DHFL to pay banks, NBFCS with securitisation deals15 Nov, 2019, 07.35 AM IST
- Vijay Mallya Case: It’s retired Indian judge vs judgeThe dispute over which the two judges had given expert views was whether an order passed by the Debt Recovery Tribunal (DRT) in India was e...27 Jul, 2019, 09.25 AM IST
- Changes in recovery law to expedite disposal of 70k NPA casesThe Act also proposes creation of a national database. Currently, security interests created in favour of banks and FIs are registered with...18 Aug, 2016, 08.05 PM IST
- Parliament panel clears bankruptcy law; discussion likely in ongoing budget sessionA joint Parliament standing committee has cleared the proposed bankruptcy law and it’s likely to be discussed in the ongoing budget session...28 Apr, 2016, 05.53 AM IST
- Huge build-up of NPAs: Why debt recovery tribunals are in no shape to performIt is a real tragedy especially in view of the fact that bank gross NPAs have crossed Rs 3 lakh crore.30 Aug, 2015, 09.07 AM IST
- Government to amend SARFAESI and DRT Acts to help banks recover moneyCBI had raised concerns over the high quantum of bad loans in the banking system, indicating collusion between lenders and promoters.21 Aug, 2014, 03.44 AM IST
- Lenders may tighten stand on defaultersBanks will soon be in a better position to recover their dues from defaulters.28 Sep, 2009, 01.04 AM IST
- The final word on secured lendingEffect of SC judgment is that claims of the state govt for arrears of sales tax and other taxes, if given statutory first charge over prope...18 Mar, 2009, 03.35 AM IST
- Banks can attach and sell assets of loan defaultersBanks will have a greater advantage now over defaulting borrowers.04 Dec, 2006, 12.41 AM IST
- Banks tune in to SC hearing on bad loan recoveryThe case, which will come up for hearing at the apex court on September 20, would decide on whether banks could simultaneously resort to th...19 Sep, 2006, 03.11 AM IST
- Borrowers may have to deposit 75% of debt before appealThe finance ministry is considering a proposal to amend the new recovery Act, which, if approved, will leave little room for the borrower t...25 Jun, 2004, 06.30 AM IST
- Govt may plug gaps in Securitisation ActLenders who got a rude shock when the Debt Recovery Tribunal (DRT) stayed ICICI Bank's action against Mardia Chemicals earlier this month c...15 Jun, 2004, 07.36 AM IST
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