https://www.taxtmi.com/article/detailed?id=17214 Debt recovery proceedings allow banks and financial institutions to seek recovery before the Debts Recovery Tribunal where jurisdiction is linked to the account-holding branch, a defendant's location, or the cause of action. Applications require prescribed pleadings, fees, supporting documents, asset disclosures and service on respondents. Defendants must file their defence and may raise set-off or counterclaims. Summons may require asset disclosure and restrict transfers. The Tribunal may order security or attachment to protect recovery, determine claims and interest, identify secured assets, and direct distribution of sale proceeds. en-us Tue, 18 Aug 2026 08:36:29 +0530 Tue, 18 Aug 2026 08:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17214 Debt recovery proceedings allow banks and financial institutions to seek recovery before the Debts Recovery Tribunal where jurisdiction is linked to the account-holding branch, a defendant's location, or the cause of action. Applications require prescribed pleadings, fees, supporting documents, asset disclosures and service on respondents. Defendants must file their defence and may raise set-off or counterclaims. Summons may require asset disclosure and restrict transfers. The Tribunal may order security or attachment to protect recovery, determine claims and interest, identify secured assets, and direct distribution of sale proceeds. Articles Other Topics Tue, 18 Aug 2026 08:36:29 +0530 https://www.taxtmi.com/article/detailed?id=17214