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Lawyer fined Rs 50,000 over 'frivolous' PIL

The Delhi high court on Monday dismissed a 'frivolous' public interest litigation filed by a lawyer and fined him Rs 50,000 for wasting the time of the judiciary.A division bench of Chief Justice B......

Vilas Deshmukh on an alliance with the NCP

Part I: 'Every day you have to think of survival'In the second and concluding part of an exclusive interview, former Maharashtra chief minister Vilas Deshmukh tells Deputy Managing Editor Rajeev D......

Why nobody is crying for Deshmukh

Vilasrao Deshmukh is a man without a friend today.After he was unceremoniously removed from the Maharashtra chief minister's post, the Maratha leader did not have a soul crying for him -- not at......

Deccan Chronicle's Holdings: Lenders seize assets

Lenders to debt-laden media firm Deccan Chronicle Holdings Limited have started the process of recovering their loans, starting with intangible assets.“We have initiated the recovery process......

Rs 1,000-cr loss in loan recovery via DRTs

An internal audit undertaken by the finance ministry has revealed that officers entrusted to recover debt as per the orders of debt recovery tribunalsoften settled cases at a low amount, leading to......

How to deal with recovery agents & debt

Once upon a time, Anil Chawla of Bhopal was a bright young engineer just out of the prestigious Indian Institute of Technology, Mumbai. Unlike most of his classmates, he did not go to the US for......

Daewoo assets up for fresh sale

The Debt Recovery Tribunal, Mumbai, has issued a fresh notice regarding the bankrupt Daewoo Motors India Ltd, placing the company's assets in the open market with the intention of selling the......

Tribunal stays ICICI notice to Mardia

The recovery of distressed assets by banks and financial institutions on Tuesday took a new twist when the Debt Recovery Tribunal, Ahmedabad, stayed ICICI Bank's notice of July 16, 2002, to Mardia......

  People speak for debt recovery tribunal

  • QNA
Q. Which one of the following is correct?1. The Banking Ombudsman scheme has nothing to do with the procedings of recovery of debts due to banks and financial institutions.2. The Banking Omdudsman facilitates a borrower to settle his grievance about non-sanction of credit facilities3. The Recovery tribunal's power is not more than that of the Banking Ombudsman4. The Banking Omdudsman's award is binding on the banks in all cases
:  A. The Banking Omdudsman's award is binding on the banks in all cases more

Q. I had a criminal case in which the property was to be attached, the collector was asked to do it, he failed to do it and in the mean time the Debt Recovery Tribunal auctioned the property off. A show cause notice was sent after which they pretended to have it attached and asked the new owner to file in as third party, which was not allowed by the court, they went into appeal and lost there too. I have been told that the collector being a govt servant will not be prosecuted and hence I will be wasting my time. Can anyone enlightened me because I would not have lost if the coll had acted on it
Meren:  A. Brazen defiance of law or rules and regulations by a government official including the so called collector etc. will tantamount to commiting a...... more

Domnic Braganza
Q. What is DRT? How long it will take to get the DRT No. , if the bank files a case against the defaulter? Will it be like the Courtd? or will it be numbered immediately?
Domnic Braganza:  A. debts recovery tribunal. time takens depends on case to case more

  Web results for Debt Recovery Tribunal
Coal verdict will prove to be stressful for banks

he Supreme Court's pronouncement, declaring the government-mandated coal block allocation done since 1993 as illegal, would enhance the existing... ...
Parkash Singh Badal orders probe on government employees settled abroad

Disclosing this on Friday, a spokesperson of the Chief Minister's Office said that Badal directed the Chief Secretary to get the enquiry conducted... ...
As bad loans surge, recovery mechanisms fall short

Bankers also believe that a number of firms which received approvals from the CDR cell between 2012 and 2013 will now start to come up for sale to... ...
De-stressing banks is no short-term process

Anand Adhikari A week after the Central Bureau of Investigation (CBI) pounced on Syndicate Bank Chairman and Managing Director S.K. Jain, a branch... ...
Key indices end flat

Amid a mixed trend in index constituents, key indices settled near the flat line. The barometer index, the S&P BSE Sensex closed marginally higher... ...

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