debtrecovary tribunlal procedure

umesh (Querist) 11 October 2009 This query is : Resolved
kindly inform me about the debt recovary tribunal proccedure (DRT) for a pesonal loan of 15 lakhs .only pdc given No colataral security given and 14 emi paid.furher emi not paid due to finacial crunch.

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Raj Kumar Makkad (Expert) 11 October 2009
An application with all facts and relevant documents is to be moved like a petition before the DRT and after its acceptance, the notice to the opposite party shall be issued and after taking his version supported with relevant documents, the case shall be decided accordingly.

PJANARDHANA REDDY (Expert) 11 October 2009
LET ME KNOW THE STAGE OF YOUR P.L A/C, NPA DATE,HOW MUCH AMOUNT STILL PENDING?ANY ONE TIME SETTLEMENT OFFERED TO U? ETC.,

Sachin Bhatia (Expert) 11 October 2009
Visit following link for yor answer:

http://www.drat.tn.nic.in/ProcedureRules.htm#3

Adinath@Avinash Patil (Expert) 11 October 2009
DRT PROCEEDING ARE AS GOOD AS CIVIL RECOVERY SUIT,IN DRT PROCEEDING ARE SUMMARY PROCEDURE AND SPEEDY DISPOSAL ARE REQUIRED. AS CIVIL SUIT THERE IS NO PROVISION OF STRICT PROOF IS NECESSARY.

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