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DEBTS RECOVERY TRIBUNAL 5TH FLOOR, DEW TOWERS, 770A. ANNA SALAD, CHENNAI 600 002 RP No. 06/15 in DRC No. 158/2009 Dated: 22/5/2015 AUCTION SALE The undermentioned property will be sold by online auction

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How to fill out debts recovery tribunal-iii

01

Step 1: Collect all necessary documents related to the debt recovery case, such as loan agreements, correspondence, and proof of default.

02

Step 2: Prepare a written application addressed to the Debts Recovery Tribunal-III, stating the details of the case, the amount of debt, and any supporting evidence.

03

Step 3: Compile and attach all relevant documents with the application, ensuring that they are properly organized and labeled for easy reference.

04

Step 4: Pay the required fee for filing the application at the Debts Recovery Tribunal-III. The fee amount may vary depending on the nature and amount of the debt.

05

Step 5: Submit the application along with the necessary fees and documents to the Debts Recovery Tribunal-III.

06

Step 6: Attend the scheduled hearings at the Debts Recovery Tribunal-III as directed by the court. Present your case, provide supporting evidence, and follow the instructions of the presiding officer.

07

Step 7: Cooperate with the legal process and provide any additional information or documentation requested by the Debts Recovery Tribunal-III.

08

Step 8: If the tribunal rules in your favor, follow the instructions provided by the court to enforce the recovery of the debt.

09

Step 9: If the tribunal rules against you, consider seeking legal advice and exploring other available options for debt resolution or appeal.

Who needs debts recovery tribunal-iii?

01

Individuals or businesses who have unpaid debts and are looking to recover the amount owed may approach the Debts Recovery Tribunal-III.

02

Financial institutions, banks, or non-banking financial companies (NBFCs) can also approach the Debts Recovery Tribunal-III to recover outstanding loans or debts from defaulting borrowers.

03

Creditors or lenders who have exhausted other means of debt recovery and wish to pursue legal action can avail the services of the Debts Recovery Tribunal-III.

04

Debtors who dispute or challenge the validity or amount of the debt claimed against them may need to appear before the Debts Recovery Tribunal-III to present their defense.

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What is debts recovery tribunal-iii?

Debts Recovery Tribunal-III is a specialized court that deals with cases related to recovery of debts.

Who is required to file debts recovery tribunal-iii?

Financial institutions and creditors are required to file debts recovery tribunal-iii.

How to fill out debts recovery tribunal-iii?

Debts Recovery Tribunal-III can be filled out by submitting the required forms and documents to the tribunal.

What is the purpose of debts recovery tribunal-iii?

The purpose of debts recovery tribunal-iii is to provide a legal recourse for creditors to recover debts from defaulting borrowers.

What information must be reported on debts recovery tribunal-iii?

Information such as details of the debt, borrower's information, and supporting documents must be reported on debts recovery tribunal-iii.

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