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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
Creditors need better safeguards

Asset quality in the banking system has deteriorated significantly due to, among other things, slow growth, elevated interest rates, currency... ...
Over 24 lakh cases settled in National Lok Adalat conducted in Tamil Nadu

CHENNAI: The National Lok Adalat, conducted across Tamil Nadu on December 6, settled 24,73,212 cases for an award amount of Rs 2,081 crore. "The... ...

NEW DELHI: Private companies raising money through deposittaking schemes will have to bear the expenses of deposit insurance from March 2015 under... ...
Eight Presiding Officers in Debts Recovery Tribunals (DRTS) Appointed

The Appointments Committee of the Cabinet (ACC) has approved the appointment of the following candidates to the post of Presiding Officers in... ...
More pain than gains for banks

Experts suggest that the law should be strengthened to ensure mandatory time bound disposal of cases Somasroy Chakraborty | Kolkata December 17,... ...

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