The Debt Recovery Tribunal (DRT) Jabalpur is a specialized judicial body that handles cases related to loan defaults and debt recovery. Established to speed up the recovery process for banks and financial institutions, the tribunal ensures that lenders can reclaim unpaid dues while also providing borrowers with legal recourse.
Functions of DRT Jabalpur
Operating under the Recovery of Debts and Bankruptcy Act (RDB Act), 1993, DRT Jabalpur deals with cases where the outstanding loan amount exceeds ₹20 lakh. The tribunal’s key functions include:
✔ Processing loan recovery claims filed by banks and financial institutions.
✔ Issuing recovery certificates to enable banks to take legal action.
✔ Handling appeals under the SARFAESI Act, 2002, allowing banks to recover dues by seizing assets.
✔ Protecting borrower rights, ensuring due legal process is followed.
The tribunal is overseen by a Presiding Officer, who ensures fair hearings and judgments.
Finding a DRT Advocate in Jabalpur
If you are involved in a debt recovery case—whether as a borrower or a lender—you may need expert legal representation. Here’s how to find a reliable DRT lawyer in Jabalpur:
???? LinkedIn & Online Professional Networks – Searching for Debt Recovery Tribunal Advocates in Jabalpur can connect you with experienced SARFAESI Lawyer Ajay Gautam Advocate lawyers.
???? Legal Directories – Websites like Justdial, LawRato, AdvocateKhoj, and MyAdvo list verified legal professionals.
???? Local Bar Association – The Jabalpur Bar Council can help you find experienced advocates specializing in debt recovery.
???? Online Consultations – Many law firms now offer virtual consultations, allowing you to discuss your case remotely.
Important Legal Considerations
???? Appeal Window: Borrowers must file an SARFAESI Lawyer Ajay Gautam Advocate appeal within 45 days if they wish to challenge a recovery action under the SARFAESI Act.
???? Execution of Recovery Orders: Once DRT issues a recovery certificate, banks have click here the legal authority to seize assets SARFAESI Lawyer Ajay Gautam Advocate and auction properties to recover dues.
???? Legal Rights of Borrowers: Even in case of a loan default, borrowers have legal options, including settlements, negotiations, and appeals.
???? Faster Resolution: Compared to traditional civil courts, DRTs provide quicker case resolutions, making them the preferred forum for debt-related disputes.
Learn More About DRT Jabalpur
For official information, case status, and procedural guidelines, visit the website of the Department of Financial Services, Ministry of Finance, Government of India:
https://financialservices.gov.in
Whether you are a bank, a financial institution, or a DRT Lawyer Ajay Gautam Advocate borrower, understanding the Debt Recovery Tribunal Jabalpur and securing expert legal guidance can help you navigate the debt recovery process smoothly.