Drt

Kvijay12345 (Querist) 06 August 2014 This query is : Resolved
In case of Unsecured Personal loans ,a recovery certificate against the Borrower is issued by DRT.What will happen next? What are the next steps the applicant bank can take to recover the dues?How can the borrower challenge such an order?

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R.K Nanda (Expert) 06 August 2014
state real facts.

ajay sethi (Expert) 06 August 2014
bank will take recovery proceedings by attachment of defaulter property . borrower can go in appeal before DRAT . best option is to pay

Nadeem Qureshi (Expert) 06 August 2014
Dear Querist
the borrower may file an appeal before DRAT against the order passed by DRT.
the bank may file execution and start proceeding for attachment of property or person.

Rajendra K Goyal (Expert) 06 August 2014
Academic query.

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