Description

Commentary on Debt Recovery Law, authored by B. L. Bansal, is an authoritative legal treatise on the Recovery of Debts Due to Banks & Financial Institutions Act, 1993 (RDDBFI Act)-comprehensively updated to incorporate subsequent amendments (including the 2000, 2016, and 2021 amendments), allied rules and significant case law.

Structured to serve both practitioners and academics, the commentary includes:

Section-by-section analysis of the RDDBFI Act, addressing:
Debt Recovery Tribunal (DRT) and Appellate Tribunal (DRAT) jurisdictions
Enforcement mechanisms and processes
Bankruptcy processes intertwined with DRT procedures
Coverage of related laws:
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)
Important allied legislations and applicable rules
Insights into procedural developments like tribunal appointment and key notifications
Well-researched case digests woven throughout the commentary for every provision
Updated rules, legislative notifications and a subject index, making it an essential courtroom companion
This commentary is an invaluable resource for banking law practitioners, DRT/DRAT users, financial institution counsel and students specializing in debt recovery and related financial legislation.