DRT  Legal  Solutions

(Debts Recovery Tribunal Legal Solutions) is an India based

Law Firm specializing in DRT, Securitisation, Sarfaesi, IBC, NCLT, Borrowers and Guarantors Solutions in Debts Recovery Tribunals,

Pioneers in Counter-claims and Damage Suits based on Law of Torts and Law of Damages 

Phones (India) - Mobile - +91-9691103689, Off. & Res. +91-731-4049358

E-mail :- ramkishandrt@gmail.com  Web Site :- www.drtsolutions.com

 Video Interview - GC Garg, Ex-Senior Bank Official

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Mr. GC Garg, our client having 40 years experience at top positions in Bank and Financial Company assigned us amendment of his WS in DRT. We prepared the amendment which incorporated counter-claim of Rs. 1158 crores against a public sector bank. On 18.06.06, Mr. Garg visited us at Indore and had exhaustive and wide ranging discussions on all aspects of his DRT case. After the discussions, we recorded his video interview spread over 10 video clips. The topics covered are pleadings, winning strategy in DRT, wrong doings by bank officials, ineffective proof by affidavits, evidence and cross-examination of bank officials, violations of RBI Guidelines etc. Mr. Garg highly appreciated our legal research, concepts of counter-claim and pleadings.

A video CD has been prepared of the above mentioned interview. It would be provided to only our clients. It will be highly useful to them and their advocates

The clip no, title mentioned in the clip, question, title of the answer mentioned in the clip for all the 10 clips have been given below. Based on this information, you may select the clip for your specific viewing. The synopsis of the said clips is under preparation and will be given here shortly.

 

Background of Mr. Garg. It would be worthwhile to keep in view his background. In the year 1960, he did his postgraduation in Commerce from University of Rajasthan. After rendering services in Insurance, teaching and sales tax, he joined State Bank of India as a Probationary Officer in 1964. He served SBI for 27 years, out of which he devoted 15 years in corporate Credit and Merchant Banking both domestic and overseas. He was with Singapore office of SBI for 5 years since 1981. He also attended Advanced Management Course at Singapore. He headed the largest Corporate Credit Office of SBI in Mumbai for 4 years before taking premature retirement in August 1991. This branch has credit portfolio of Rs. 6300 crores and is bigger than 15 nationalized banks in the country.

Mr. Garg left SBI in August 1991, 9 years before usual superannuation to take up the challenge thrown by by the booming financial services sector. He headed Llyds Finance Limited from October 1991 to June 2000. During his stewardship, the asset base of Lloyds Finance increased from Rs. 13 crores to 1700 crores, with annual profitability of Rs. 40 crores. Llyods Finance was reckoned as India\s third largest NBFC. Later from July 2000 to December 2000, he was the Consultant, Asset Management with a large NBFC where he effected recovery of over Rs. 100 crores during 1999-2000 apart from managing asset portfolio of Rs. 700 crores.

He is now Principal Consultant with Vulcan Finance Consultants, which specializes in One Time Settlement, Debt Restructuring, Forex Services and Corporate Restructuring. 

 

Synopsis

of

Video Interview (edited & split into 10 clips) of

GC Garg,

Ex-Senior Bank Official

Introduction:- For the convenience of the viewers, this video CD has been edited and split into small video clips which are 10 in numbers starting from AVSEQ01 TO AVSEQ10.  Their duration, title and details of each clip are detailed below. With such arrangement, the viewer may choose the clips for replay before his colleagues or his lawyers. 

 

Contents of the Video Clips :-  The contents of the said 10 video clips is as under:-

 

AVSEQ01 - Clip No 1 - Duration - 4 mins. 50 secs. 

Title mentioned in the Clip Clip No 1 - Ram Kishan introduces his client Mr. GC Garg, renowned banker having 40 years of experience, India & abroad. His counter-claim of Rs. 1158 crores against State Bank of Mysore was prepared by Mr. Ram Kishan, vide details on www.drtsolutions.com

Question After the introduction of Mr. Garg, Mr. Ram Kishan asked him - 'How did you like pleadings of your DRT counter-claim drafted by us?'

Answer Mr. Garg recalls reading of articles written by Ram Kishan in the Financial Express in 2001. The articles were found to be setting a new trend. Nobody had touched on this subject like this in past. Every borrower and guarantor seemed to be scared of DRTs. Mr. Garg derived lot of strength and inspiration from these articles as they mentioned some thing new. Since then we have in touch through mail exchanges and discussions on various relevant subjects. His own case was being handled by his son. Subsequently Mr. Garg decided to file counter-claim against State Bank of Mysore which has gone to DRT. Mr. Garg further says that he was pleasantly surprised that every word of the counter-claim was based on the facts. Material which was sent to Mr. Ram Kishan was 4 big box files containing huge correspondence and huge number of letters and documents. Out of whole heap of papers, the letters were chosen carefully. All important letters were taken care of and made use of in the counter-claim. The counter-claim which was drafted by Mr. Ram Kishan runs in 79 full pages of legal size. It has been so beautifully prepared. It is based on common law, law of torts, IDR Act 1951 and several other enactments. All the aspects of the case have been taken care of. Mr. Garg feels happy, surprised and assured that all the aspects have been considered fully. Mr. Garg says that marvellous job has been done. Mr. Garg further states that he has a habit of finding mistakes in others' jobs but in this counter-claim which has been drafted by Mr. Ram Kishan, he could not find any mistake or omission even in a word in all the 79 pages.

Note:- (1) The copies of the articles and letters to the editor written by Mr. Ram Kishan and published in the Financial Express are reproduced in this web site. These articles are still quite useful for borrowers and guarantors.

             (2) In the following clips, the title mentioned in the clips just before the answer by Mr. Garg gives the summary of the answer.

 

AVSEQ02 - Clip No 2 - Duration - 3 mins. 40 secs.  

Title mentioned in the Clip Clip No 2 - In order to win Bank cases in DRT, guidance and advice of Mr. Ram Kishan is required on every date, he asks Mr. Garg about his experience of such after sales service.

Question Mr. Garg, after preparation of the pleadings of the counter-claim, how do you find our after-sales services?

Title of the Answer mentioned in the Clip Mr Garg appreciates the quality of after sales service of Mr. Ram Kishan. With his own experience of banking for 27 years, Mr. Garg finds that the concept of counter-claim is a new one and without guidance of Mr. Ram Kishan, DRT cases can not be won. 

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ03 - Clip No 3 - Duration - 3 mins. 40 secs.  

Title mentioned in the Clip Clip No 3 - Mr. Ram Kishan emphasizes  importance of pleadings of the counter-claim and cross-examination of the bank officials. He asks opinion of Mr. Garg on these aspects.

Question Having prepared the counter-claim based on mastery of facts and mastery of law, the real results can be achieved if the bank officials are cross-examined by a person having mastery of facts and mastery of law. The present method of proof by affidavit will not yield results and hence we have been advising all our clients that the bank officials right from the Chairman of the bank and the Branch Manager must be cross-examined in the witness box. A video must be prepared of the said cross-examination and the CD filed in the court as a document. Mr. Garg, what is your view about this process of cross-examination in DRT bank litigations?

Title of the Answer mentioned in the Clip Mr Garg confirms that cross-examination of the bank officials is highly essential otherwise the real facts about their wrong doings as pleaded in the counter-claim will never come out.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ04 - Clip No 4 - Duration - 3 mins. 18 secs.  

Title mentioned in the Clip Clip No 4 - Mr. Ram Kishan emphasizes  essentiality of proof by admission by bank officials in their cross-examination. He asks opinion of Mr. Garg on this important aspect.

Question Mr. Garg, our experience and research about the bank litigations shows that the normal process of proof by arguments will not lead to desired results. Hence we came to conclusions that we must obtain proof by admission. The proof by admission can be obtained by proper and skillful cross-examination of the bank officials. Mr. Garg, what is your view and opinion about our such approach?

Title of the Answer mentioned in the Clip Mr Garg agrees with Mr. Ram Kishan that the bank officials must be cross-examined so that they admit their wrong doings.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ05 - Clip No 5 - Duration - 2 mins. 48 secs.  

Title mentioned in the Clip Clip No 5 - Mr. Ram Kishan firmly believes that one can win DRT cases against banks only when he and his advocate have mastery of facts and mastery of law. He asks Mr. Garg his opinion on such contentions.

Question Mr. Garg, with our experience and research we have come to the conclusion that we need to have mastery of facts and mastery of law at every point of litigation in DRT. On every date the said mastery is required. If the client i.e. the litigant borrower or guarantor  as well as his advocate has this mastery on every date, then we are of the view that the bank litigations in DRT can be won by the borrowers and the guarantors.  Mr. Garg, what is your view on this?

Title of the Answer mentioned in the Clip Mr Garg says that DRT counter-claim cases against the banks can only be won if one has regular guidance and advice of Mr. Ram Kishan. Mr. Ram Kishan has treasure of information, vast knowledge and critical analysis at every point of time.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ06 - Clip No 6 - Duration - 5 mins. 33 secs.  

Title mentioned in the Clip Clip No 6 - Considering vast experience of Mr. Garg in banking and finance spanning nearly 40 years, Mr. Ram Kishan enquires from Mr. Garg as to why the bank officials are committing wrong doings?

Question Mr. Garg, Considering your vast experience in banking and finance,  we would like to know why such wrong doings are being committed by the bank officials particularly those from the public sector banks?

Title of the Answer mentioned in the Clip Mr. Garg says that banks particularly public sector by nature are relaxed and complacent as there is no accountability. In this context the concept of counter-claim propounded by Mr. Ram Kishan will be very useful in improving these banks.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ07 - Clip No 7 - Duration - 4 mins. 4 secs.  

Title mentioned in the Clip Clip No 7 - Mr. Garg, you have attended DRT for nearly 3 years, what is your opinion about the DRT Advocates and the adjudication by the DRTd.

Question Mr. Garg, with your experience of present DRT litigations what is your guidance, advice and suggestions to the advocates who are contesting cases in DRTs?

Title of the Answer mentioned in the Clip Mr. Garg says that DRT advocates may have the knowledge of law but they do not understand banking and hence the DRT results are not satisfactory. As a whole the performance of the DRTs have been poor. Therefore the banks are now selling assets to ARCILs  (Asset Reconstruction Company of India Limited)s.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ08 - Clip No 8 - Duration - 4 mins. 11 secs.  

Title mentioned in the Clip Clip No 8 - Mr. Ram Kishan is of the view that the ARCILs will have to face the counter-claim for the wrong doings of the original lender. He asks the opinion of Mr. Garg on the said counter-claim.

Question Now coming to ARCILs, perhaps people are not aware that even the litigations in DRTs taking place with ARCILs, the element of counter-claim will come up and ARCILs will find difficult to contest such litigations. What is your opinion about this?

Title of the Answer mentioned in the Clip Mr. Garg says that he is not aware of any counter-claim against ARCILs and feels that they must have safeguarded against the same. He finds that the bankers prefer to sale to ARCILs instead of settling themselves as there is no accountability in such sale.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ09 - Clip No 9 - Duration - 4 mins. 45 secs.  

Title mentioned in the Clip Clip No 9 - Mr. Ram Kishan enquires from Mr. Garg as to why the bank officials are not paying attention to the statutory RBI Guidelines?

Question Now coming to the RBI Guidelines which have been held to be statutory and mandatory. From the various litigations going on in the DRTs and from the various cases handled by us we found that the bank officials are not paying due attention to the RBI Guidelines. What is your opinion in this respect?

Title of the Answer mentioned in the Clip Mr. Garg says that the present bank officials in public sector banks are not competent. There is no accountability and hence the said bank officials are not afraid of committing any wrong doings.

Answer Please listen to Mr. Garg in this clip in the CD.    

 

AVSEQ10 - Clip No 10 - Duration - 3 mins. 14 secs.  

Title mentioned in the Clip Clip No 10 - Mr. Ram Kishan asks Mr. Garg his views on the Video Interview of Mr. BS Malik, an advocate with 42 years court practice of which 25 years in Supreme Court. the counter-claim of Rs. 1825 crores filed by Mr. Malik was drafted by Ram Kishan.

Question Mr. Garg after several years of our research and experience in bank litigations, we have been discussing with top notch authorities in the field of law, banking and judiciary about all these aspects. We had a detailed dialogue  and discussion with Mr. BS Malik. Now with such detailed discussions and legal research now we had an interview recorded with him also. How did you find views of Mr. Malik ?

Title of the Answer mentioned in the Clip Mr. Garg agrees with the views of Mr. Malik. He appreciates the approach of counter-claim propounded by Mr. Ram Kishan and says that as soon as such cases are decided, the banks committing wrong doings will be set right.

Answer Please listen to Mr. Garg in this clip in the CD.

Concluding remarks by Ram Kishan:- Thank you Mr. Garg for the lively discussions today.  We are happy that you have appreciated our views about such litigations and we feel now with the discussions held today, you will be in a better position to win your case in DRT.

 

   

 

Title at end of each Clip Clip No  - For further details visit web site www.drtsolutions.com

                                             Ram Kishan's phone - M-9691103689, Off-Res - 07313290201 and 07314049358

 

 

 

 

 

 

   

 

    

    

DRT Legal Solutions

 

Attorneys at Law of Torts, Injury and IPR Claims

HomeContentsProducts & ServicesFrequently Asked QuestionsUseful Article-BorrowersUseful Article-GuarantorsRBI GuidelinesNotes-Law of TortsNotes-DamagesMiniArticles-Letters to EditorUseful Interactions with Clients & VisitorsSecuritisation Act-CommentsAbout Us-DRT SolutionsUseful Tips for DRT Advocates|| 138 NI Act Cheque Dishonour Cognizance Acquittal | NCLT, National Company Law Tribunal, BIFR, SICA  |  Video Interview - BS Malik, Sr. Supreme Court AdvocateLegal Forum of IndiaSuccess & Results of Our GuidanceDRT Orders in favour of Borrowers & GuarantorsNPA, Debt due, Rehabilitation of Sick SME IndustriesOur Replies to Queries  on Current DRT Matters, Court Decisions etc.Measure of damages & Calculations under Torts & ContractsVideo Interview - GC Garg, Ex-Senior Bank OfficialSolar Healing, Yoga, Projector, Rebirth etc.Swami Ramdev, Yoga Guru, Cure for All Diseases, Medical Science RevolutionCourt Technologies IT Presentation Video ArgumentsArchiveDRT Solutions Weekly Mail for Borrowers & Guarantors   All India DRT Conference 2011 at IndoreArticle by Ram Kishan on Management & Technology in Indian JudiciarySARFAESI Securitisation Securitization Actar SA NPADRT Judgments Favourable / Useful to Borrowers

 

Contact Information :- Phones (India):- Mobile- +91-969-1103689, Off. & Res. +91-731-4049358,

E-mail - ramkishandrt@gmail.com and ramkishan@drtsolutions.com

Popularity of our web site :- The key word for search of our website is 'drt'  or any phrase commencing with 'drt'  We are on the top in Google Search for 'drt' among 28,60,000 results globally. In most of the search engines like yahoo, msn, google, excite, altavista, mamma, alexa etc., To verify, you may visit www.yahoo.com, www.msn.com, www.rediff.com, www.indiatimes.com, www.altavista.com, www.google.com, www.excite.com, www.hotbot.com, www.123india.com, www.aol.com, etc. Our reference appears in www.economictimes.com, www.amazon.comwww.financialexpress.com, www.lawcrawler.com, www.findlaw.com, www.law.com, www.supremecourtofindia.com, www.supremecourtonline.com

(2) We have created a separate web site www.usindolegal.com which deals exclusively with our US joint venture enterprise for activities like BPO, legal BPO, DRT etc. This site has started appearing in the search results of Google, Mamma, Alexa and Yahoo.

Application of Law of Torts in claiming Damages from Municipal Corporations for demolition of structures, closure of shops etc:- In many parts of the country, the Municipal Corporations are demolishing structures like shops and houses which existed for number of years. The shops existing for number of years are proposed to be shut down. The affected persons should claim Damages under the Law of Torts, which would be substantial. It is learnt that in Delhi itself about 5 lac shops are to be closed down and about 25 lac persons would be out of jobs. All these persons should file damage suits in the civil court. Since the damages would be substantial, the suits may be filed as Indigent Persons. Since the damages would attract interest, the usual delay by the civil courts will not affect the final outcome. The affected shop owners may discuss the details with us on phone.

Our Articles for Borrowers and Guarantors:- Our articles on DRT matters have been published in the Financial Express. The All India Manufacturers Organisation in its famous web site www.aimoindia.org has reproduced copies of our four articles. These original articles can be searched in the archive of the Financial Express in its web site www.financialexpress.com Two of these articles have been reproduced in other pages of this web site. 

Useful link www.WorldVideoBusiness.com :- WorldVideoBusiness-WVB is a business to business e-marketplace source of international trade leads, and tender opportunities from companies and government organizations around the globe.

About Us in Brief :-  (1) We specialize in DRT (Debt Recovery Tribunal) and NCLT (National Company Law Tribunal) matters. As a whole you may approach us for all DRT Problems and Solutions as well as matters connected with ARCIL i.e. Asset Reconstruction Company (India) Limited,  We have a Joint Venture with an America based law firm for various activities like BPO, legal BPO and DRT. The details of the said American firm and the joint venture may be seen at the page - Our US Joint Venture with Anand Ahuja Associates or in www.usindolegal.com (2) For your all problems including those in DRT, please phone us or send e-mail. Please give your contact details along with your problems in brief. As a whole you may approach us for all DRT Problems and Solutions.  (2) With our Legal Opinion, you need not worry about the Securitisation Act or other DRT matters or NCLT. Please visit the page Products & Services and Frequently Asked Questions (3) On account of our expertise in the Law of Torts and Banking and experience past 15 years, we can help you to submit suitable defence with winning strategy in DRT cases, Securitisation Act, Guarantors' defence etc.  (4) We need only copies of all available documents  to render our expert 'Legal Opinion' which will be quite useful and valuable to you particularly in DRT i.e. Debt recovery Tribunal. (5) We have also handled assignments for preparation of damage claims against Electricity Boards, Insurance Companies, Municipal Corporations etc. all on the basis of the Law of Torts.  (6) The DRT counterclaims is to be prepared well in advance so that it could be raised at proper time in DRT or other forum to safeguard the securities and assets. (7) Several DRT counterclaims drafted by us are being handled by different advocates at DRT Mumbai, DRT Delhi, DRT Jabalpur etc. Thus DRT advocates are available in these cities. Cases in other Debt Recovery Tribunals are under process. (8) This site is updated monthly mostly on every first Monday of the month or for urgent release on any day with latest material. (9) For further details about us, please visit the page About Us-DRT Solutions As a whole you may approach us for all DRT Problems and Solutions. We hail from the place to which Maharishi Mahesh Yogi and Acharya Rajnish belong and hence this site is dedicated to them.

Our this web site is dedicated to Yoga Rishi Baba Ramdev Ji Maharaj:- Our this web site is respectfully dedicated to Yoga Rishi Baba Ramdev Ji Maharaj whose method of Pranayam has cured even incurable diseases and thus has revolutionized modern medical science. For further details please visit our special page by clicking here Baba Ramdev Ji Maharaj, Yoga Guru, Cure for All Diseases, Medical Science Revolution

Site also dedicated to:-   (1) Swami Ramdevji, Acharya Balkishan and their Guru Pradumn Maharaj.

                                             (2) H.H. Maharishi Mahesh Yogi and Acharya Rajnish, the greatest gurus of all time www.maharishi.com, www.osho.com

                                           (3) Shri Hira Ratan Manek (HRM) for his pioneering work on Solar healing vide his web site www.solarhealing.com and forum at www.lifemysteries.com                                    

We regularly practice TM and SCI of Maharishi Mahesh Yogi. We also regularly practice Hath Yoga including Pranayam based on Baba Ramdev Ji  Maharaj. We daily watch his global TV program on Astha Channel from 05:30 AM to 8AM and 8PM to 9PM Indian Standards Time. On Sanskar channel, we daily view the discourse of Pradumn Maharaj from 4 AM to 5:30 AM. Many chronic diseases such as Cancer, Parkinsons' disease, Polio, Asthma, Hypertension, diabetes etc. have been cured by the said method of Pranayam which can be learnt even by watching his program on TV. Since 30th March '06, we have started practicing Sun Gazing as prescribed by HRM.

                                    (3) Shri Satyanarayan Morya alias 'Babaji' for his praiseworthy service to our nation. Please visit his site www.artistbaba.com 

Disclaimer:- We have no branch or setup other than at Indore. It is observed that some persons are using name of our firm as well as name of our web site. We have not given  any such authority to anyone to do so. Under such facts and circumstances, if anybody suffers any loss, we shall not be responsible. If such instance comes to notice of someone, we may kindly be informed.

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