Rajendra DRT Law Firm in Chennai, Tamil Nadu, India provides specialized services for debt recovery and SARFAESI law cases for banks. With experienced DRT advocates and DRAT attorneys, the firm has successfully represented their clients in their financial disputes. The firm has a team of legal professionals who bring a wealth of knowledge from different areas of finance and banking industries.
The firm's debt recovery services include drafting of petitions, filing suits against defaulters, representation before forums such as Debt Recovery Tribunal (DRT), Debt Recovery Appellate Tribunal (DRAT) and others. The team has extensive knowledge of the local laws related to banking operations in India along with practical experience in litigations before various courts and tribunals.
Advocates for NPA Recovery & SARFAESI Act Advice for Banks in Chennai
The issue of NPAs (Non-Performing Assets) and their disposal has become a major concern of Banks in India. This is because of the fact that these NPAs can pose a serious threat to the financial health of banks in India and also can cause losses to the government. To solve this problem, the Government of India introduced debt recovery tribunals in order to speed up the process of NPA disposal and help the banking industry recover the deposited amount.
Rajendra DRT Law Firm is one of the leading debt recovery and SARFAESI law firms in Chennai, Tamil Nadu, India. We provide professional legal services to banks in relation to finance disputes under the extraordinary provisions of the Debt Recovery Tribunal (DRT) Act 1993. Our DRT advocates and DRAT attorneys are highly experienced in debt recovery proceedings and have extensive knowledge on all aspects of financial legal matters.
NPA Recovery & SARFAESI Law Firms for Banks in Chennai
There are many DRT Law firms in Chennai that can help you with your NPA cases and also SARFAESI Act disputes. These firms have a lot of experience in this field and can provide you with the best legal consultations.
Rajendra DRT Law Firm is a leading provider of legal services in Chennai, Tamil Nadu. Our firm specializes in debt recovery and SARFAESI law for banks, with an extensive range of expertise in financial disputes. We are committed to providing our clients with high quality legal advice, representation and litigation services. Our team consists of experienced DRT advocates and DRAT attorneys who are well-versed in the intricacies of NPA recovery laws and regulations.
Moreover, this Act has been amended several times to suit the changing
circumstances in the banking sector and the economy of India. It also
empowers the government to set up a Central Registry of Securitisation
and Reconstruction of Financial Assets and Enforcement of Security
Interest (CERSAI).
SARFAESI Act can be used by any bank or
financial company that is registered with the Reserve Bank of India. The
Act is aimed at reducing the NPAs of banks and providing relief to
stressed borrowers who are in real estate crisis.
NPA Lawyers in Chennai
The main aim of DRT Law firms is to fight against the creditors and try to get back your money that you owe to the bank. The DRT lawyers in Chennai work hard to make sure that your case gets heard and you get a resolution.
In most of the cases, if your loan is not repaid on time, you can be tagged as a defaulter and can be classified as an NPA (Non-Performing Asset). This is because you are unable to pay back your monthly installments or if you have missed paying one or more installments then your bank will mark this as a defaulter and will start the process of NPA disposal by taking recourse to the SARFAESI Act.
Rajendra DRT Law Firm is one of the leading debt NPA recovery and
SARFAESI law firms in Chennai, Tamil Nadu India. Established in 2004,
the firm has been providing legal services to banks and other financial
institutions for more than 15 years. Its team of experienced DRT
advocates helps clients resolve their finance disputes with precision
and expertise.
SARFAESI Act is a statute that was formulated to deal with the credit risk issues in the banking industry and also for providing relief to stressed borrowers who are in financial distress. This act allows for the sale of assets that are deemed to be NPAs in an auction by the bank.
The Act enables banks to sell assets and other monetary resources that are deemed to be NPAs. It also entitles the borrower to appeal against the action of the creditor.
Contact Rajendra DRT Law Firm for NPA recovery and SARFAESI Matters for banks
Rajendra DRT Law firm provides professional legal services for banks in Chennai Tamil Nadu India, specializing in debt NPA recovery and SARFAESI law. We understand the complexities that businesses face when dealing with debt NPA recovery and are well versed in the legal provisions governing such procedures. Our team of experienced lawyers have a long history of providing quality legal services to clients throughout India. With our expertise and knowledge, we strive to provide our clients with the best possible outcomes according to their specific needs.
There are some specific conditions that must be met before a secured creditor can take recourse to the SARFAESI act, which is the reason why you need to contact an experienced DRT lawyer who has an in-depth knowledge of this law. These requirements include a valid notice of default from the borrower, the lender's decision to take recourse to SARFAESI, and the borrower's right to appeal against such a decision.
In conclusion,Rajendra DRT Law Firm is a premier debt NPA recovery and SARFAESI law firm for banks in Chennai, Tamil Nadu India. Their highly experienced team of legal professionals offer quality legal services and solutions that are tailored to the needs of their clients. With extensive experience in this field, they have successfully recovered billions of rupees owed to banks by debtors. The firm also offers comprehensive solutions with respect to SARFAESI law procedures and court proceedings.
Other Legal Information: NPA Recovery & SARFAESI Act Reply Notice
