Read detailed DRT legal questions and professional answers provided by experienced DRT lawyers to help users understand banking disputes, SARFAESI matters, debt recovery procedures, and legal remedies.
Question:
How much time does DRT have to decide a SARFAESI application?
Answer:
DRT should dispose of application as expeditiously as possible and ordinarily within 60 days from the date of receipt. However, it can exceed the 60 days period if it records reasons for the delay and the overall delay should not exceed four months from the date of filing of application.