DRT PROBLEMS AND SOLUTIONS
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ABOUT US: |
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DRT Problems and Solutions
website was promoted with the sole idea of extending the maximum
defending capability for DRT litigants. We are also part of
litigants facing difficulties in defending our cases in DRT. With
the enormous hardwork and interaction with experts in banking and
legal, it has been our experience that the borrowers have equal
opportunities to defend the cases effectively. |
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problem a borrower faces is lack of legal exposure, court procedures
etc.. resulting in ultimate failure in the defense. As far as DRT is concerned unless and otherwise thorough knowledge in banking procedures and systems are known it will not be possible for a borrower and his legal counsel to put up an effective defense in DRT. The banks and financial instituitions, in the very first instance itself i.e before release of the credit facilities/loans ensure that the proposed loans are legally recoverable. Hence it has been the practice of the banks to take signatures of the borrowers on various legal documents. |
| Borrowers do not go through/study the documents at the time of execution of the same. There is no equal oppourtunity available for a borrower to ensure that he is also legally protected. This is purely due to the fact that the borrowers are always at the mercy of the bankers. Nevertheless this does not mean that the borrowers do not have any legal defense available for defending the cases effectively. Only combination of experts in legal and banking can ensure an effective legal defense for a borrower. |
