Govt and RBI have framed
Special Policies to help Borrowers affected by Pandemic Corona-19
The Pandemic Corona-19 has seriously affected the business all over the
world. Government of India took special actions to help the borrowers affected
by the said Pandemic Corona-19. The RBI constituted special Committee known as
Kamath Committee which framed special RBI Circulars to help the affected
borrowers. At the instance of the said circulars, the Board of the lenders had
to issued special "Board Approved Policy" to help the assisted borrowers. In
such cases, if proper pleadings are prepared, the said borrowers will definitely
win their cases in DRTs. We have handled such cases. The affected borrowers may
contact us on our M-9691103689.
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.
Appeal to DRAT - Problem of 25% Deposit - Only Solution is Appeal as Indigent
Person :-
As per Sec 18 of the SARFACEI Act, 25% of the amount of debt claimed by the
secured creditor or determined by the DRT whichever is less is to be deposited
in DRAT before the Appeal is entertained. If the borrower is not having this
amount but he intends to appeal, he should file the Appeal as Indigent Person
vide details in O-33 of CPC.
Damages and Compensation to Allottees in Real Estate - RERA Act 2016:-
The
field of Real Estate has been ruled by the Promoters by operating a Salers'
Market in league with the bureaucracy of the local authorities. The RERA Act 2016
has changed the complete scene. Recently we got an opportunity to study the
various legal and procedural aspects. Accordingly we have prepared loss
and damage claim (more than Rs 34 crores) on behalf of an allottee for a 3 bedroom flat
in Indore. This claim will
be filed under Sec 12 of the RERA Act 2016. Interested persons may discuss
various aspects on phone. Impact of SARFAESI and RERA Acts - RERA is a
subsequent Act and the interests of Allottees are to be given priority. In
certain instances, the financial institutions may assume role of Promoters after
considerations of all factors. RERA is a powerful enactment. It is a
consolidation and continuation of all the real estate laws. Whenever you intend to buy a flat, please
study complete details from the RERA website, examine other projects of the
promoter, meet the residents, study the law involved, study the documents etc
before making any payment. The promoters make tall claims, their impressive brochures and
newspaper advertisements are
very attractive, don't get misled otherwise you will be in trouble and coming out
will be very difficult.
Before making
any payment, you should consult proper and expert person in a bank. You should keep
all the documents and brochures in record which will be useful if there is any
litigation.
Defamation and Damages:-
We specialize in the law of Defamation and consequent Damages. In 2012, we
handled a major case of Defamation involving damages of Rs 1400 crores. At
present we are handling a Defamation case involving damages of more than Rs
10,000 crores. The interested persons may discuss on phone at our mobile no
9691103689.
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
For reference of such judgments please click DRT Judgments Favourable / Useful to Borrowers
Important Tip to Old and New Visitors:-
A visit to new page
Synopsis Video
Interview - BS Malik, Sr. Supreme Court Advocate
will
be highly useful. You may take out the print and study the same. Listening to
the video interview will be further useful. You may select the clips for replay
for discussions with your colleagues as well as the advocates.
DRT,
drtsolutions, Debt Recovery Tribunal, DRT matters, DRT WS, DRT Legal Opinions,
DRT Arguments, DRT Documents, Appellate DRT, Bank litigations, Securitisation,
Counter-claims, NPAs Settlements,
checking of bank accounts and documents
etc., expertize in all these matters past 14
years being a
Leading Law Firm.
Legal BPO and offshore BPO is our new activity for which we have launched new
web site.
www.usindolegal.com
Highlights:-
All problems of Debt Recovery
Tribunals i.e. DRT and Securitisation Act are tackled by us. People from all
over the country are phoning us, then visiting and getting their problems
solved. Please visit Home Page and other Pages also.
Basic Objectives
(Indian Clients)
(For Overseas Clients vide next para )
This
site
deals with all the matters connected with
various aspects of DRT Litigations (i.e.
Debt Recovery Tribunal Litigations), Securitisation Act and Defence of
Borrowers and Guarantors.
In
DRT
Litigations,
counter-claim
or counter-suit is the
only defence
and we
specialize
in
drafting specially based on the Law of Torts. Otherwise,
one sided claim by the Banks and Financial Institutions without any legal
defence will only result in legal stamping of their claim making it nearly
impossible to fight further.
Preparation of legally proper
counter-claim takes 4 to 8 weeks time and hence you have to contact us much in
advance. This will ensure good quality and avoid
unnecessary hurried actions at the last moment.
Those who have set up their counter-claims, may
get it examined by us so that they may be benefited by our expert advice
particularly due to our specialized knowledge of the law of torts with specific
reference to industry, banking and business transactions..
Our Client files damage suit of Rs. 1825 Crores against a bank and a
financial institution in Chandigarh:-
Our Client, an eminent Supreme Court Advocate (practice more than 25 years in Supreme
Court) has filed a damage suit of Rs. 1825 Crores in Chandigarh on 13.01.05 against a bank
and a financial institution. The said damage suit was drafted by us and it runs
in 118 pages having documents of 537 pages. In a video interview lasting more
than 30 minutes on 23.01.05, the said Mr. Malik appreciated our legal concepts, our drafting and our
knowledge and experience about application of law of torts to banking,
industrial sickness, drt, counter-claim, securitisation act and calculations of
damages.
Basic
Objectives
(Overseas Clients)
Our focused area is
the Law
of Torts and its practical applications. We
specialize in drafting the various legal documents as per the needs of the
clients particularly Injury Claims based on the
Law of Torts.
The contents of this site is exclusively for the use of
Indian Clients in India or Overseas Indians facing DRT Litigations (Debt
Recovery Tribunals Litigations) in India. Other overseas clients including
Solicitors are requested to communicate their specific queries, we shall be glad to
undertake their work. We are prepared and equipped in custom designing legal services and
solutions for them on other areas of law, legal research and legal transcription.
Introduction
:-
DRT
Legal Solutions is a well established Law firm headquartered in India at Indore, focusing on
Defense of Borrowers and Guarantors based on Law of Torts and its
practical applications. We mainly deal with DRT litigations, counterclaims and
all the related matters. This requires knowledge of business, industry,
industrial sickness, industrial laws, banking laws, law of torts, law of damages
and compensation, law of evidence, civil procedure code, communication skills,
sincere advocacy, etc. We, apart, from having knowledge and practical experience
in these areas past more than 44 years
i.e. since 1989, have uniquely combined it with latest IT technology of
Internet and latest computer hardware and software. We are constantly
interacting with the bank victims as well as the wrong-doers.
Our attorney associates, advisors and consultants are professional lawyers,
ex-judges, experienced industrialists, experienced bankers etc. We have an
unique scheme for consultancy on phone on all DRT matters.
Valuable comments from our recent
honourable industrial clients as well as honourable senior legal authorities :-
Shri P.S. Kalani, Ex-President,
All India Manufacturers' Organization,
controlling several Industrial units, Real Estate Business etc.,
highly qualified being M.S. Cornell University, USA: AM Sigma XI and AMIEEE, in
his letter dated 20.11.01, extract reproduced below, wrote as under regarding DRT
counter-claim drafted by us:-
"I am impressed by the
tremendous amount of work that you have put in in making this draft and the
amount of details, in which you have gone into, to study the files and
correspondence with the bank and the various RBI Guidelines from as back as
1976.
Unfortunately, the Law of
Torts is not very well developed in our country, but your efforts in this direction
is very commendable and it certainly shows amount of research that you have done
in making this damage claim on the basis of Law of Torts.
I am sure that other
industries will also benefit from your experience and great knowledge and
insight about this law."
Shri Shyam Kabra,
industrialist, in his communication
dated 3.12.01, extract reproduced below wrote as under regarding the suit, against
the bank, drafted by us :-
"I
sent the draft of the suit to our senior lawyers at Delhi and DRT Jabalpur. They
are highly impressed by
the thorough application of law of torts in pleading the material facts as well
as substantive law relating
to injury, loss and
damages suffered by the industry and its dependents.
We
appreciate your wide ranging knowledge about industries, sickness, banking,
finance, law of torts, law of damages and court proceedings.
I
wish the industrial community should greatly benefit from your deep knowledge
and practical experience which will enable them to submit their proper defence
in the civil courts as well as in DRTs ."
Shri K.K. Vijayvergiya,
Executive Director, Public Ltd. Company in
his letter dated 31.12.01, extract reproduced below regarding the draft of damage
suit against the bank, wrote as under :-
"We
have gone through the efforts you put in, in preparation of the suit
of damages which is not only remarkable but first of its own kind covering facts
and legal support.
We are
sure that your efforts in this direction will certainly go a long way in the
present industrial scenario there by the promoters and industry at large will
benefit out of
your experience and great knowledge about the law of torts."
Dr. G.C. Kasliwal,
M.A., LL.M. J.S.D.(Cornell USA) Professor of
Law
in his
communication dated 21.1.02 wrote as under:-
"Mr. Ram Kishan of DRT Legal Solutions, a
firm of lawyers have been a source of much inspiration and encouragement. I have
followed and read his articles. The litigant public has in him a friend,
philosopher, guide and a saviour which will provide to many of us a new
hope to save us from drowning in a flood of debt let loose by resourceful
financial institutions."
Shri Anand Ahuja,
Attorney at Law and
International Business Consultants at New York
in his e-mail dated
18.2.02 wrote as under:-
"I am really very much impressed with your
website. Please don't hesitate to let me know if I can be of any help to you."
Shri Shyam Dewani,
Advocate, on behalf of
M/s Dewani Associates,
in his e-mail dated
3.3.02 wrote as under:-
"First of all please accept our compliments for
making an Excellent Site. It is very rare to see such a good site on law. We are
the practicing lawyers at Nagpur, practicing at Nagpur High Court, District
Court as well as DRT. We are in this profession since last about 18 years."
Justice P.D. Mulye,
Retired High Court Judge
in his communication
dated 12.3.02 wrote as under, extract reproduced:-
"I have gone through your articles published in
'The Financial Express' The various points raised by you deserve serious
consideration from the legal aspects. You deserve compliments and appreciation
for your tireless efforts in finding a new dimension in such matters."
Publication of our Legal Articles in the business daily news paper :-
Our
articles
in
The
Financial
Express
viz. (1) dated
20.6.01 at page 7
with the caption ‘
Who’s afraid of debt recovery tribunals ?’
and (2) dated
5.7.01 at page 7
with the caption ‘
Debt
Recovery Tribunals: There’s a way out for defence of guarantors
’
brought tremendous response, appreciation and acclaim from esteemed readers
including the stalwarts in industry, banking and law. Some of the important
comments are given below. Copies of these articles are reproduced in subsequent pages of this
web site, you may click here at
Useful
Article for Borrowers
and
Useful Article for Guarantors
Valuable Comments from respected readers of our
above Articles
:-
Shri B.S. Malik,
Supreme Court Advocate with
practice of 30 years :-“I
got your e-mail address from your article reg DRT “ a master piece“
published in F.E. Please give me your contact details. ‘
Shri
G.C. Garg, a Banker more than 40 years
experience including 6 years overseas :- “
You are the pioneer in the country on the
fresh approach enunciated. No lawyer has ever dared to take that view during the
last forty years, which at least I can vouchsafe. …. You are indeed doing a good
job. Please continue. “
Shri Sitaram Singhania,
Industrialist:- “ I have discussed our mutual
correspondence with my senior colleague. He also appreciates that the new
research vis-à-vis Law of Torts done by you could be of help to me. ..
Incidentally, I and my lawyers have studied carefully your second article…
Please accept my heartiest congratulations and also note that your articles are
being discussed in several quarters. “
Shri Atul Kapadia,
Industrialist:- “ ….whole country needs your guidance. “
Shri P.K. Varma,
Chief Executive, Public Ltd. Company
:- “ Congratulations for writing such
informative articles …”
Shri Rasik Lal Patel,
Industrialist:- “ We read your articles with
great interest…. We congratulate you for enlightening the borrowers on the most
untouched defense which is available to them. “
Shri Narendra Gupta, :- “
Please accept my congratulations and thanks for
publishing article … The article is quite informative and gave the broad ideas
for the defense of guarantors. “
Publication of our mini-articles in the column 'Letters to the Editor'
of the business daily news paper
:- We have been actively interacting with the personalities in
the arena of banking, Securitisation Act, law, industry and judiciary. Accordingly we have been
expressing our views and opinions in form of various mini-articles published in the
column 'Letters to the Editor' of
The
Financial Express.
Whenever you desire to go through
the text of any or more of these mini-articles, please
click here at
Mini
Articles i.e. Letters to Editor.
where the text of all the mini-articles are
available to you instantaneously.
Publication of our Articles on the web site of
'All India Manufacturers Organisation' (AIMO):-
We are pleased to announce that the AIMO in its famous web
site www.aimoindia.org has published our
5 articles on the topics of DRT, borrowers, guarantors, industrial sickness and
bank obligations. This is recognition and tribute to our specialized knowledge
and experience in this field. You get instant benefit by having our legal
opinion and other services.
Comments by other web site owners and portals:-
We are pleased to inform that an upcoming portal
www.bankdrt.com has commented about us
as under, which can be approached by clicking 'Read More' under 'Help Desk' on
its Home Page. This portal has lot of useful informations for our clients and
visitors:-
Our Products and Services
:- While you can find
the details by clicking here itself at
Our
Products and Services,
the same are given in brief below
:-
1. Rendering legal opinions on all types of DRT matters
and Securitisation Act, cases relating to damages
and compensation based on contracts and/or law of torts, industrial business
laws, tribunals, challenging vires of the enactments etc. Our services are generally
confined to solicitor services which is the major part of the litigations.
Under any situation, you get tremendous benefits
from our legal opinion as it is based on specialization, long experience and
deep knowledge, you may speak to us on phone M-9691103689. On DRT matters including
Securitisation Act, we can render
legal advice on phone itself.
2. All matters relating to DRT and ADRT, drafting counterclaims, countersuits, written statements, appeals, revisions, writ
petitions etc.
3. In all DRT matters including Securitisation Act, we can also
advice on court appearance.
4.
Making overall strategy for the litigations including those relating to
DRT, ADRT, etc. and providing exhaustive briefs, case laws and other
required materials so that an average advocate can contest the case easily.
5. We are available to our valued clients through their computers online any time any where on account of
our own modern and advanced IT deptt. supported by our own IT subsidiary viz. 'Legal IT Solutions and Services' which has designed
and maintains this site. For our 'Regular Online Retainership Services & Legal
Opinions' as well as 'Our Schedule of Services and Tariff Charges', please
speak to us on phone Mobile-9691103689 or send e-mail to us by
clicking here at
ramkishandrt@gmail.com by mentioning
constitution, size and activities of your organization. In-depth legal knowledge
operating with the tool of modern Information Technology makes us fast,
efficient and reliable for your total legal needs at one point.
Note
:- (1) The visitors of this site are requested to communicate their valuable
comments and suggestions either on phone or at our e-mail ID
ramkishandrt@gmail.com
(2) Please visit other pages of this web site
by clicking here itself at
Frequently asked Questions i.e. FAQ
copy of our published articles on DRT counter-claims relating to borrowers and guarantors i.e.
Useful
Article for Borrowers
and Useful Article for Guarantors,
important RBI Guidelines,
Notes on Law of Torts
and Notes on Damages
etc.
(3) For preparation of damage suits, counter-suits, counter-claims and other
legal drafts we need
only all possible available documents i.e. project report, correspondence, balance sheets,
legal documents and proceedings if any, etc. No personal discussions are needed.
Parties, however, are welcome for personal meetings with prior appointments. They
may contact us on our phone mentioned at top and bottom of this page.
(4) It is needless to reiterate that counter-suit or
counter-claim is the only legal defense
in
DRT Litigations including Securitisation Bill otherwise proceedings dealing with
only bank claim will result in one sided decrees/executions/recoveries.
Our expertise in such legal defence is readily
available to you, if and whenever needed...
Contact Information
Office & Residence - 205, Morya Palace, Opp Bansi
Trade Centre,
5/1, Diamond Colony, New Palasia,
Indore-452003
Mobile--969-1103689, LL-731-4049358,
E-mail -
ramkishandrt@gmail.com
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