DRT Act

Description

19(1)

Application for recovery to Tribunal within local limits of whose jurisdiction

19(2)

Recovery of the debt is from same person, any other bank also has to recover debt,
they may join.

19(3)

No need to pay the fee, if Case is transferred from Civil Court to Tribunal

19(4)

On receipt of application under sub-section(1) or (2) the Tribunal has to issue summons to the defendant requiring him to show cause within 30 days of the service of summons as to why the relief prayed for should not be granted

19(5)

The Defendant has to present written statement at or before first hearing or within such time as the Tribunal may permit.

19(6)

defendant has to claims any amount on first hearing from the applicant and to have
setoff against the applicant’s demand with ascertained sum of money

19(7)

When written statement contains claim and set off, the written statement has the same effect as a plaint in a cross-suit.

19(8)

Counter claim

19(9)

Counter claim has the same effect as a plaint in cross-suit so as to enable the Tribunal to pass a final order in respect of both the original and Counter Claim.

19(10)

The applicant is at liberty to file a written statement to the counter claim of the
defendant within such period may be fixed by the Tribunal

19(11)

Counter Claim to be disposed as an Independent action.

19(12)

The Tribunal may pass interim order against the defendant to debar him from transferring, alienating, or otherwise dealing with or disposing of any property/asset
without the permission of the Tribunal

19(13 A and B)

Tribunal Dispose of the property, Damage to the property, remove/whole any part of the property

19(14)

When the applicant wants that the properties of the defendant should be attached.

19(15)

The Tribunal can pass conditional attachment order.

19(16)

If any attachment order is passed without complying the requirements of Subsection (13), then such order is void.

19(17)

The Tribunal has power to pass interim orders, attachment orders etc. If there is any
breach of the orders, the Tribunal may order that the properties of the person guilty
of the breach of the order be attached and person be detained in civil prison for a term not exceeding 3 months.

19(18)

appoint a receiver of any property
- remove any person from the custody/possession of property
- confer powers to receiver.
- appoint a commissioner for preparation of an inventory of the property of the defendant or for sale thereof

19(19)

If the recovery certificate is granted against a company, the Tribunal may order that
the sale proceeds of such company be distributed among the Secured Creditors as provided in Section 529A of the Companies Act.

19(20)

Pass interim or final order for payment of amount including interest thereon

19(21)

The tribunal is required to send copy of every order by it to the applicant and the defendant.

19(22)

Issue a Certificate of Recovery to the recovery officer for recovery of the amount of
debts.

19(23)

Sending Certificate of Recovery to other tribunals if it is local limits of other jurisdiction

19(24)

Application received by the tribunal for recovery of debt shall be disposed of finally
within 180 days

19(25)

The tribunal may make such orders and give such directions as may be necessary