The Debt Recovery Tribunal (DRT) plays a crucial role in resolving financial disputes, particularly those involving the recovery of loans and secured assets by banks, financial institutions, and NBFCs. For lenders and borrowers alike, proceedings before DRT can significantly impact financial stability, asset ownership, and business continuity.
At Luminary Law Firm, we offer robust and result-oriented representation in all DRT and DRAT (Debt Recovery Appellate Tribunal) matters. Our experienced team navigates complex legal and financial frameworks to ensure that your rights — whether as a creditor or a borrower — are protected at every stage of the recovery process.
Filing Original Applications (OAs) on behalf of banks and financial institutions
Representing borrowers and guarantors in defending against recovery claims
Legal advisory for NBFCs and ARC entities under the RDDBFI Act
Challenging possession notices and auctions issued under the SARFAESI Act, 2002
Filing Securitization Applications (SAs) under Section 17 before DRT
Representation in appeals before DRAT under Section 18
Advisory on recovery through attachment, possession, and auction of secured assets
Execution of DRT decrees and assistance in enforcing recovery certificates
Strategy-driven defense against unlawful asset seizure or undervalued auction
Legal support in negotiating and drafting OTS proposals
Settlement negotiations and mediation support between lenders and borrowers
Representations for account restructuring and revival under RBI norms
Legal guidance when DRT matters intersect with IBC proceedings before NCLT
Strategic coordination with IRPs, liquidators, and financial creditors
