DRT  Legal  Solutions

(Debts Recovery Tribunal Legal Solutions) is an India based

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

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

 NPA, Debt due, Rehabilitation of Sick SME Industries

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  DRT Solutions - Site Map for Borrowers & GuarantorsTransform India with Modi-DRT Solutions SuggestionsLaughter Yoga by Ram Kishan, IndoreDr Kataria Indore Visit - Plan, Progress & Record  Keto Diet Vegan I.F.- Personal Experience Age 79 Yrs

Weekly Mails - 1-10  11-20  21-30  31-40  41-50  51-60  61-70  71-80 81-90 91-100 101-110 111-120 121-130 131-140 141-150 151-160 161-170 171-180 181-190 191-200 201-210 211-220 221-230 231-240 241-250 251-260  261-270  271-280 281-290 291-300 301-310 311-320 321-330 331-340 341-350 351-360 361-370 371-380 381-390 391-400 401-410 411-Latest


Expert in:- DRT, Counterclaim, securitization, debt recovery tribunal, NCLT  matters





DRT Cases particularly those who have just received notices u/s 13(2) or 13(4) will be greatly benefited if they ring to us at Mob - 9691103689 (from 11AM to 6 PM on weekdays:- You get instantaneous advice on the said mobile no.

Best Approach in DRTs for Borrowers & Guarantors :-  (1) If you are our client, our consultation is available to you at any time on 24/7 basis. (2) We encourage you to acquire basic knowledge so that you may interact with us as well as your advocate properly. (3) We insist that you must always be present in the Court along with your advocate. You get instantaneous advice on our mobile no. 9691103689 .

Safeguards under Sec 14 of Sarfaesi Act - Pl contact us on phone as soon as you received notice under Sec 13(2) of Sarfaesi Act, we shall advice you for necessary precautions and safeguards.

Senior Citizens - Longevity दीर्घायु & Health Problems - I am 78 years young as on 01.01.2021 and my hobby is to maintain good health, rather becoming younger day by day. Recently I have published few important videos [ (1) दीर्घायु क्यों व कैसे (2) दीर्घायु उपयोगी चर्चा (3) दीर्घायु व घुटनों की समस्या (4) दीर्घायु व वृध्दावस्था के लिए अमृत है कीटो डाइट]  on Facebook and YouTube on the important topic of Longevity ie  दीर्घायु To reach to my the said videos, you may search ' Ram Kishan Longevity' or रामकिशन दीर्घायु in Google or YouTube.  My profile link on facebook is https://www.facebook.com/ram.kishan.777

For reference of such judgments please click DRT Judgments Favourable / Useful to Borrowers

DVDs of the 2nd All India DRT Conference held on 8th and 9th Jan ’11 are available – these DVDs contain goldmine of useful information to borrowers, guarantors and their advocates 

We are pleased to inform that 5 DVDs and 1 CD of the said Conference are available at a token price of Rs. 1000=00. This amount is peanut compared to that spent by the participants who came from far off places like Cochin, Kolkata, Chandigarh, Chennai etc at their own expenses, stayed at Indore and paid the participation fee of Rs. 4500=00 per head.

These  5 DVDs are complete video record of the whole conference and are gold mine of the current information on:-

(a)    Securitisation Act, important questions and answers, practical aspects of stay and trial in DRTs,

(b)    Important court judgments and their applications,

(c)    Court  procedures and critical applications,

(d)    Bank documents and their inspection,

(e)    Legal maxims and their applications,

(f)      Important provisions of Constitution and PILs,

(g)    Present state of Indian Judiciary, problems and solutions,

(h)    Application of modern management and  technology etc.

We have provided in one CD complete audio record of the whole conference so that one can listen the same on i-pod. As a whole these DVDs and the CD provide the most latest and useful knowledge to the borrowers and guarantors as well as their advocates. The procedure for getting these DVDs is as under:-

(1)   You may deposit Rs. 1000=00 in our bank account details of which may be obtained by sending SMS to us.

(2)   Pl inform the particulars of the above deposit to us by e-mail and by SMS to our mobile no 09691103689

(3)   Pl inform your postal address and telephone number by e-mail

(4)   The DVDs will be dispatched within a fortnight

Our Client wins in Securitisation Appeal against 4 Banks in DRT – amount involved nearly Rs. 90 crores and a tooth & nail fight of 4 years

Entire Judgment reproduced vide link DRT Orders in favour of Borrowers & Guarantors


Our Weekly Mails are DRT Guide and gold mine of practical information for the borrowers and guarantors :- The visitors of this web site particularly Borrowers and Guarantors will be immensely benefited by our weekly mails, all previous issues from 1st one till the last one may be viewed by clicking Drt Solutions Weekly Mail for Borrowers & Guarantors  Separate web pages have been created to contain these mails in batches of 10 so that pages open up fast. These mails are DRT Guide and gold mine of information on current topics giving lot of practical suggestions and comments. Any new comer to this site must go through all the weekly mails right from the issue no 1 to the latest. If possible please spread the reference of this web site and the weekly mail among the persons, borrowers and guarantors who are the bank victims. If anyone desires to get these mails regularly, he may write to us for inclusion of his e-mail ID in the regular mailing list. The weekly mail is issued on every Friday morning 6 AM. The particular issue of the weekly mail is first published on the web site and then mails are sent. These weekly mails have become quite popular among the borrowers and guarantors in the country as we are getting huge no of mails appreciating the same. We welcome suggestions for improvements as well as the topics on which more information is required.

Important Announcement - Video Arguments presented in Indian Court for the First Time :- We are pleased to announce that on 10th October 2007, proposed 'Computer Presentation' was held for the first time in the country by Mr. Ram Kishan before Hon'ble District Judge, Indore and the 'Video Arguments' were submitted and shown to the said Judge on 15.10.07. Thus a history has been made in the Judicial Management in our country. We have prepared two DVDs, one showing the method and system for such presentation, its advantages with a practical application. Another DVD showing the actual presentation before the District Judge, Indore on 10th October 2007. we have prepared an article titled 'Computer Presentation & Video Arguments' vide click here Court Technologies IT Presentation Video Arguments

DVDs containing Video Record of DRT Conference at Indore and Chennai:- All the proceedings were video recorded and the DVDs containing the same are available. Any one desiring to have the DVDs may send through e-mail their postal address, name of the company, and if possible details of the pending DRT case or Securitisation case and the amount involved, name of concerned person and his contact details including phone nos etc. to us. During these conferences, eminent DRT experts using PowerPoint Presentation dealt with all the aspects of Bank Litigations and Borrowers Defence. The participants from all over the country were highly impressed and benefited from the knowledge thus gained.

Ram Kishan delivered a talk in the All India Conference of Chartered Accountants:- Mr. Ram Kishan delivered a talk on 'NPA Recovery by Banks - Defence of Borrowers'  in All India Conference of Chartered Accountants on 25th February '07 at auditorium of Devi Ahilya University at University Campus, Khandwa Road, Indore. The said talk was organized by the Fiscal Laws & Corporate & Allied Laws Committee of the Institute of Chartered Accountants of India hosted by Indore Branch of ICAI. The emphasis in this talk was on the practical aspects and real life solutions for the defence of the borrowers. The audience was thrilled and astonished as such points of defence were not known to them. They desire to have series of talks on this topic. A VCD containing video clips of 'How to win Bank Litigations'  by Ram Kishan and extracts from video interviews of Mr. BS Malik, Sr. Supreme Court Advocate, Mr. GC Garg, Eminent Banker and Mr. Balasubramanian, also an Eminent Banker was provided to genuinely interested persons. A CD containing the presentation will be provided to the persons who desire to listen to the said talk. The background paper for the said talk was as under:-

NPA Recovery by Banks – Defence of Borrowers

-         Ram Kishan*


The Supreme Court of India, on 29th November 2006 has delivered an important verdict on the Securitisation Act. In this talk, important legal and practical aspects of the said ruling has been analyzed with particular reference to the status and legal defence of the borrowers and their counter-claims in DRTs.  

Latest Judgment of Supreme Court on Securitisation Act:-

 The Supreme Court of India has recently ruled vide Transcore vs Government of India and Indian Overseas Bank, decided on 29th November 2006 that during pendency of recovery proceedings under DRT Act, 1993, the applicant banks and financial institutions can also invoke Securitisation Act, 2002 (also known as NPA Act) Prior to this judgment, the lenders were debarred from  simultaneous proceedings under both the Acts and therefore were required to withdraw their recovery applications from DRTs before invoking the Securitisation Act. On account of removal of such restriction, the secured creditors apparently will wield all the powers hitherto desired and sought after by them. This judgment is also readily available on internet as web page on our web site vide link http://www.drtsolutions.com/sc_judgment_on_drt,_securitisation,_transcore.htm In this talk certain important legal and practical aspects pertaining to litigations under Securitisation Act and DRT Act. and impact on the resultant adjudicatory legal process have been analyzed so as to be of practical utility for the lenders as well as the borrowers.  

Categories of Defaulters:-

The recovery cases can be divided in two broad categories viz. willful defaulters and secondly genuine borrowers turned defaulters for no faults of theirs. The provisions of law contained in DRT Act and NPA Act applied through special courts of DRTs provide adequate legal framework to accomplish recoveries from the defaulters. It is needless to mention that no businessman would like to make his unit sick and close down his business voluntarily. Many a times, the circumstances are beyond his control due to which his business or industry become sick such as natural calamities, deficiency of funds, inadequate working capital, inordinate delays in formulation of rehabilitation plans by the banks and FIs etc.  During such time, if the bankers do not provide timely and adequate financial assistance, the borrower undergoes acute financial miseries, loss and damages and then dragged to face undesirable litigation for recovery of alleged dues.  

Legal process in DRTs:-

The secured creditor approaches DRT with prescribed format of application stating that financial assistance was sanctioned, documents were executed, there were defaults, the account became NPA and hence recovery suit has to be filed within limitation period of three years. The recovery amount is arrived at by adding the compound interest on monthly rests and the DRT is requested to issue the recovery certificate for the amount prayed along with compound interest till the date of payment. The borrower in his written statement of defence, describes the circumstances on account of which the unit became sick and prays for rehabilitation so that the unit runs and the installments of loans and interest are paid out of the earnings. In most of the cases, such defence is ignored and the recovery certificate is issued for the amount prayed for by the applicant lender. All his assets may be sold and there may be balance amount for which he and his heirs may continue to be debted and pursued for recovery. He may be even arrested and jailed. This is the price genuine borrower may have to pay for his entrepreneurship in India. This model is pathetically illustrated by the farmers committing suicides due to bank loans They have no resources or knowledge to fight the thrusted recovery litigations or raise their counter-claims. In some cases where the secured assets are those which can be quickly sold such as residential properties, the secured creditor invokes the Securitisation Act to take possession of the said properties and sell the same without any adjudication in any court of law including DRT. These are the most simple instances of recovery litigations. Complications and complexities are further introduced by the factors like consortium lending, term loans from FIs, public issues, foreign exchange dealings, BIFR proceedings, preparation of rehabilitation plans by operating agencies, intermediate legal proceedings in Appellate DRTs, AIIFR, Sec 138 of NI Act, Winding up, Labour courts, CBI Enquiries, Taxation matters, Insurance matters, High Courts, Supreme Court back and forth proceedings at all these courts etc. The proceedings in forthcoming NCLT (in short for National Company Law Tribunal) as well as simultaneous proceedings under the DRT Act and NPA Act on account of the latest judgment of the Supreme Court will further add to the complications and complexities of the said recovery litigations. Scarcity of finances for survival and litigation expenses for the borrower, no such financial problems for the lending banks and financial institutions and elements of corruption add further to existing complications and complexities of the entire adjucatory process.  

It was desired that compared with civil courts, the DRTs would be able to achieve quicker recoveries. When this was found not happening, the Securitisation Act was enacted. The handicap of not having simultaneous proceedings has also been removed with the latest Supreme Court judgment. Despite all these, the contemplated quick recoveries will not and can not be achieved as legal process is simultaneous proceedings of the two contesting parties i.e. lender and borrower. The former is beauracracy managed and the later is privately owned entrepreneurship. The excessive pressure for recovery alone rebounds with only greater exposure of inbuilt inefficiency and incompetence of the former. As a result, not only the adjudicatory process will take time but may result in payout of damages rather than recoveries. Hence it is more appropriate to recognize that the recovery out of profit by way of running of the business is the better option rather than destroying the business by all out pressure only for recoveries out of the assets of the borrowers and guarantors and thus killing the entrepreneur and converting his assets into cash with huge depletion of value. The bank and the FIs are better advised to be more careful in appraisal so that once sanction of the loan is awarded, the only security should be surplus generating business and during periods of losses, interest and repayment of loan suspended till surplus generating mode is accomplished. With such approach only, production and productivity will rise and ultimate recoveries will be better and the real NPA will be at the lowest as well as the recovery litigation will be the least. The initiative has to be taken by the lenders otherwise the counter-claims and damage suits will compel them to transform themselves as proposed.    

Legal defence for Borrowers:-

 The genuine and innocent borrowers and guarantors in above mentioned litigations feel trapped, helpless, victimized and cheated more so when they are unable to find suitable advocates to understand their points of view. On one hand, he is deprived of all his assets and belongings. He finds even bare survival difficult leave alone legal fight with the banks and FIs who have no such financial problems for litigation. The general environment and thinking also happens to be in favour of banks and FIs. To that extent, the Judges also carry such opinions. The fight is just like between a sick hungry child and a well fed strong experienced wrestler. Such fight is highly against equity. As a result many of litigant borrowers have fled away, some have committed suicides. Under such facts, circumstances, consequences and backdrop, in this talk, we have analyzed the rights and liabilities of the contesting parties as well as the related legal aspects.

Despite above, there is a silver lining. The existing Constitution of India and the legal procedures provide all solutions to achieve ultimate justice based on well defined principles of justice, equity and good conscience. The basic requirement is that, first, the borrower himself will have to pay adequate attention to the entire legal process.  The advocates and judges have their own limitations. At every stage of adjudication and before every date of hearing, the borrower will have to study the requirements of substantive and procedural law. All out efforts should be made to obtain admissions from the opposite party so that no avenue is left for exercise of discretion by the judges. We provide complete professional help and guidance during the entire process of litigation in DRT, ADRT, High Court and Supreme Court .If the borrower is not so extremely vigilant and cautious, he will be defeated in DRT. With such defeat in lower courts, nothing better may be achieved in higher courts like ADRT, High Court and Supreme Court as they rarely interfere with the decision of the lowest court particularly in respect of facts.. Hence the borrowers must regard the litigation in DRT as the first, last and ultimate court battle and accordingly the DRT fight should be with the best preparation on every date. It must be kept in view that the banks and FIs will employ best advocates in all the courts upto Supreme Court. Hence the borrower has to work hard himself from day one to the last verdict of the Supreme Court. Accordingly he has to choose a lawyer who can also work hard on every date of the proceedings. 

In the above backdrop, we now describe below, the most fundamental legal and factual aspects of the entire process particularly concerning industrial and business finance under examination in this article.  

Important Legal aspects:-

In this connection, it is highly essential to comprehend the material facts relating to the industrial and business finance. In our country there is no ‘No Fault Insurance’ We have yet to enact formal ‘Lenders’ Liability Law’ Further the basic facts involved in the complete process of industrial and business finance have not yet been pleaded before the trial courts and DRTs. As a result, judicial determination of these facts have not taken place and hence there are no precedents available. On account of unadjudicated facts of modern complex industrial finance, the legal community  like judges will continue to apply their opinions, common sense and hearsay based on day to day experience of personal finance i.e. loan for personal consumption and full recovery out of security only whereas the industrial and business finance have entirely different attributes due to appraisal for technical feasibility and financial viability, security by way of positive viability for projected turnover for 5 to 10 years, etc.

With such handicaps, borrower has to apply the fundamentals of law enshrined in the common as well as statute laws in our country. First step is drafting of the pleadings. The person drafting the pleadings should have mastery of all the relevant laws as well as mastery of relevant facts The said person having mastery over the related business laws need to have adequate understanding of complex facts involved in the entire process of business and industrial creation, development and growth. Thus the pleadings need to be drafted only by the person having mastery of law and mastery of facts. Such person alone should provide guidance and course correction at every moment of the trial to the borrower. With such setup only, one can think about getting justice in our country otherwise not. Since the type of industrial litigation under analysis in this article is at the nascent and evolutionary stage, it would take few years to attain logical outcome. 

The banks, FIs and Industries in India are governed by RBI Act 1934, Banking Regulations Act 1949, IDR Act 1951, SFC Act 1951, Companies Act 1956, IDBI Act  1964, Banking Companies (Transfer of Undertaking) Act 1970, NI Act 1881, Evidence Act 1872, Bankers’ Books Evidence Act 1891, IT Act 2000, DICGCI Act 1961, SICA 1985, DRT Act 1993, Securitisation Act 2002 etc. along with fundamentals of law contained in Constitution of India, law of torts, law of damages and principles of natural justice. It is needless to mention that the justice is above all. The entire setup of all the courts right from DRTs to the Supreme Court is to attain justice. No other considerations can overshadow, override or supersede the said objective of achieving justice. The litigant borrowers in DRTs and higher court must keep this objective always in view and wherever they find that the process, procedure or order affects this objective, they must not allow the process to continue till the objective at that stage is achieved. This is how leading judgments will be obtained and will be useful to the future litigants.   

Violations of RBI Guidelines and Law of Torts:--

The public policies in respect of banking decided in the Parliament are communicated by the Central Government to the RBI (in short for Reserve Bank of India). The RBI in turn communicates the same to the Chairmen or Heads of all the banks in the country. These are called RBI Guidelines and have been held to be statutory and mandatory for the banks and FIs. The said Chairmen or Heads issue internal circulars in their respective banks so that all the employees and functionaries are bound by them. Thus the said public policies are intended to be duly implemented with the all pervasive and binding tool of the law, a most important process in modern democratic society like ours. Any violation of the said RBI Guidelines amounts to wrong doings on part of the bank and concerned officials. The wrong doings, if any, cause legal damage to the affected person apart from actual damage, if any.  Such damages commence the moment, the wrong doings are committed. Further as per the law of torts, the bank officials have no power or authority to cause any injury to their clients intentionally or even unintentionally. On the other hand, they owe a duty of care towards the assisted borrowers. If any injury is caused on account of the said wrong doings or violation of the duty of care, the affected person is entitled for compensation for unliquidated damages. If the wrong doings are willfully caused, knowingly continued and if they are arbitrary, unconstitutional and oppressive, the affected person is entitled for aggravated and exemplary damages.  

The above framework of law emanates from the Constitution of India. All the functionaries of the lending banks and financial institutions, the borrowers as well as the courts including DRTs are bound by the said framework of law. 

The scenario of banking in India underwent a significantly change in 1970 on account of Bank Nationalization Act. Also the security based lending was altered to object, purpose and project oriented financing. The application for industrial or business loan is required to include a project report or scheme. The said project report is appraised by experts in the lending institutions from the angle of technical feasibility of the scheme or project and financial viability of the same based on future projections of 5 to 10 years. When those experts and hence the said lending institutions or banks are fully satisfied with the appraisal, then only the loan is sanctioned. At this stage there is no existence of any secured asset or any other physical security or guarantee. The only and sole security is the viability i.e. surplus wealth i.e. profit generation capacity of the project or scheme. It is to be noted that in the said appraisal, the interest as well as the repayment of loan is out of the profit. The appraisal does not say that if there is no profit, the interest and repayment of loan will be paid out of any other source or securities, if any, and hence in the event of ‘no profit’ the payment of interest and repayment of loan should wait. Under no circumstances, these should be out of securities or personal guarantees as the same did not exist at the time of the appraisal and sanction of loan. These important aspects are to be kept in view by the borrowers and guarantors so that it is pleaded in defence if there is any litigation for recovery initiated by the lenders.  

The Objectives and Purpose of Securities:-

Question arises as to what for the securities and guarantees are taken. As stated above, during the periods of loss, the payment of interest and repayment of loans should wait. The borrowers should be helped so that profit is achieved as early as possible. As soon as the profit state is achieved, the suspended payments may commence without affecting the health of the assisted unit. Interest burden during the suspended period may be borne by the borrower if the sickness is due to him but for conditions beyond his control, it should be shared equally between the lender and borrower. If the sickness is due to wrong doings of the lender, the said burden should be borne by the lender. Rehabilitation Term Loan should be provided on realistic basis. Correct executive decision would be arrived at by the bank officials if they picture themselves in the situation faced by the borrower.

It is pertinent to note that this year, the Nobel Peace Prize has been awarded to Mohammed Yunus, founder of Grameen Bank in Bangla Desh who provided working capital loans to poor for self employment without security. Such loans totalled over Rs. 20,000 crores. The repayment rates against such loans have been healthy 98% as in absence of securities, the banker concentrated on running of the business first and then recoveries out of profit generated. In our country bankers obtain multiple securities and guarantees and hence when the business faces rough weather, the banker concentrates on recoveries by recourse to court of law, seizing and selling securities etc. For this purpose, even the bank beauracracy initiated and followed up for special legislations like DRT Act, setting up special tribunals like DRTs and Securitisation Act etc.. 

In case, the acts and omissions of the bank officials are not keeping the above aspects in practice, it would amount to wrong doings attracting compensation for the loss and damages, legal as well as actual which become due the moment, the wrong doings are caused. The borrower can claim the said compensation in form of counter-claim or may file a damage suit in the court of law. Since the said loss and damages are on continuing cause of action, there is no bar due to limitation. Further the said compensation attracts interest on the same footing as charged by the bankers i.e. on monthly rests basis as at present. In most of the cases we have observed that the said counter-claim is much more than the claim of the lenders and hence prima facie, there is no debt due and hence the lenders can not invoke DRT Act or Securitisation Act. The pleadings of the counter-claim must conform to Law of Pleadings and should be based on documents such as Project Report, Application for Financial Assistance, Appraisal Report, Sanction for Financial Assistance, Correspondence, Minutes of Meetings, Balance Sheets, Annual Reports etc. Wherever the facts are denied, the opposite party must be called to witness box to elicit the real facts as well as to admit the wrong doings. All the facts must be proved by way of admission either in writing or orally in witness box. Nothing should be left for decision by way of discretion by the judge. This should be the goal for the borrower if he desires to achieve justice. With such approach, the judge will be left with no alternative but to award decision in favour of the borrower. The higher courts also will not be able to disagree. 

Impact and consequences of Recent SC Judgment:-

On account of the above mentioned recent Supreme Court judgment, the lenders may resort to simultaneous proceedings under DRT Act and Securitisation Act. Pleadings may be same in the written statement in both the proceedings. The counter-claim may also be filed therein. Both the proceedings may have to be combined together to avoid any conflicting decisions. Since as per the DRT Act, the claim and counter-claim are to decided together, the same will now be true in respects of proceedings under the Securitisation Act. 

In view of above, the bankers must examine, at their end, before invoking the DRT Act and or NPA Act, that no wrong doings have been committed and they have fully abided by all the RBI Guidelines, otherwise, they will have to face counter-claim or damage suit from the borrowers and guarantors. In the cases already filed, they must carry out this examination and if they are at fault, they should settle with the borrowers. In the current matters of financial assistance, the bankers must keep all the above aspects in view so that the NPAs are calculated correctly only after implementing all the RBI Guidelines. For potentially sick viable units, the bankers may even arrange postponement of declaration of NPA. 

The contesting borrowers will have to be always vigilant and alert to ensure that DRTs act keeping in view the fundamental principles of justice, equity and good conscience. The DRTs must treat the banker and borrower as two contesting parties on equal footing. Isolated discussions with the bankers or Ministry of Finance are against the principles of equity and fair trial. In the matter of violations, the borrowers must raise objections and if the situation does not improve, they must ask for change from one DRT to another. 

It is needless to mention that entire setup of the courts and DRTs is meant for  justice. No reason or interpretation can justify that the DRT has any limitation or restriction in securing or awarding justice. In fact since the DRT is not bound by CPC and is to work on the principles of natural justice , it has much wider powers, authority and jurisdiction to discover the real facts as well as admission from the opposite party. Until and unless all the required facts have been judicially determined, the borrower should not proceed with the arguments. Justice is above all. Legal technicalities and procedures can not come in way of getting justice.  Unnecessary hurry and delay have no place in perfect judicial process.  All out efforts must be made to complete the trial in DRT or civil court in all respect so that no deficiency arises in higher courts during the process of appeal, if any. No chance or scope should be left for higher courts to point out the deficiencies, if any, in the lower court or DRT. This is all the more important when the existing facts, circumstances and consequences are more favourable to the banks. The present generation of the contesting borrowers have greater responsibilities towards their  coming generation to fight out the battle successfully against greater odds. With missionary zeal and undaunted spirits, the borrowers can win against the banks and such leading judgments will make the task easier in future.   


In order to expedite bank litigations, the DRT Act 1993 was enacted and special courts in form of tribunal i.e. DRTs were created. The specialized knowledge in banking, industries, finance and related laws is growing in the DRTs day by day. The litigant borrowers and guarantors as well as their advocates have started using the above knowledge in contesting their cases and with passage of time, useful judgments will be delivered. Such leading cases will form the precedents. All these will create better environment not only for development, creation and sustained growth of industries and business but also appropriate banking in our country. Under such facts, circumstances and consequences, the real NPAs as well as litigations in DRTs will come down.


horizontal rule

*Mr. Ram Kishan, 64 years, has rich and wide professional experience in the field of management, industries and law. His web site www.drtsolutions.com presents most useful and practical knowledge pertaining to all aspects of DRT  Act and Securitisation Act.   


DRT Judgments Favourable to Borrowers and Guarantors – Now Full text of such Judgments is being provided on this Web Site with Important Portions marked in Red  


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.

Last Modified:- Please see the top of the Home Page

Copyright © 2001-2022 - DRT Legal Solutions, India. All rights reserved.