DRAT appeal lawyer in Meerut for interim stay against DRT order

DRAT Appeal & Interim Stay QUICK FACTS 

1. DRAT stands for Debts Recovery Appellate Tribunal. It hears appeals against certain orders of the Debt Recovery Tribunal (DRT) under the Recovery of Debts and Bankruptcy Act, 1993 (RDDBFI Act)
2. An aggrieved party by an order of the DRT is entitled to appellate relief from such order, as the law permits.
3. Grant of relief of interim stay is facts, documents and circumstances specific in each case.
4. SARFAESI disputes can give rise to proceedings before the DRT and DRAT.
5. Banking recovery cases involve analysis of notices, orders, account statements etc.
6. Case results depend on court`s evaluation. No results are guaranteed. 

What Does a DRAT Appeal Mean After a DRT Order?

DRAT appeal means an appeal against an eligible order of Debt Recovery Tribunal passed by it. An affected party can file an appeal before DRAT against an order of DRT seeking reconsideration of order passed by Debt Recovery Tribunal in accordance with the provision.

While appealing before DRAT, parties can pray for interim stay from appellate tribunal but during pendency of appeal. Stay of execution granted against such orders is a discretionary relief.

BK Singh Advocate says “Appeal is not simply the act of opposing something with which you do not agree.” One needs to understand DRAT appeal along with grounds of appeal, supporting records, financial documents, and procedurally where the matter stands.”

Under what law DRT and DRAT matters are handled?

Disputes relating to recovery from banks are generally handled under Recovery of Debts and Bankruptcy Act, 1993. If the matter is with respect to secured asset, SARFAESI Act, 2002 might also apply.

DRT handles dispute relating to recovery of debts. DRAT is appellate tribunal which hears the eligible appeals against order passed by DRT.

When a borrower or a person aggrieved by the action of banks has to move court for remedy, he/she should know that legal remedy available against demand notice or demand for possession differs from legal remedy against auction process or order passed by Tribunal.

BK Singh Advocate guides you with respect to DRT appeal matters, SARFAESI related disputes and Banking recovery issues after assessment of end to end facts.

Documents which are generally shared for Analysis of DRAT Appeal Matters

Always keep a track of your records before moving to a lawyer. It will help you and the lawyer to get a clear understanding of dispute.

Typical documents which are shared are: 

BK Singh Advocate analyses above documents to asses the legal position along with requirements of appeal.

When Should You Consult a DRAT Appeal Lawyer? 

One requires legal advice when they have received an unfavorable order from the DRT, they believe recovery action may be initiated against them or when they simply want to understand what appellate options are available to them.

It is unfortunate that most borrowers seek our services only at the eleventh hour, i.e. when auction/possession action is imminent. In most cases, upon reviewing the facts and documentation, we are able to point out legal issues, missing documents and discuss various options with them much earlier.

Individuals looking for a DRAT appeal attorney in Meerut usually need help deciphering tribunal orders, appeals and urgent stay matters.

How DRT Lawyer Can Assist in Recovery Disputes 

BK Singh Advocate can assist you in DRT Appeal/Banking Matters/SARFAESI related issues and recovery problems. We take care of your matter by understanding your documents, discussing the feasible options you have and representing you professionally depending upon the facts of the case.

Each banking dispute is unique. Relief is granted only when there is law to sustain your claim, evidence to prove your claim, following the required procedure and the discretion of the authority.

Frequently Asked Questions 

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