Commentary on Debt Recovery Law

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.