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The Debt Recovery Appellate has been constituted under Section 8 of The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to hear and adjudicate on Appeals filed against the orders passed by the Presiding Officers of the seven Debt Recovery Tribunals functioning in Southern India. This Tribunal is also the second court of appeal in respect of cases filed under The Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002, the first court of appeal being the various DRTs. Appeals can be filed in DRAT: *Against the final orders passed by the Presiding Officers of various DRTs in the Southern Region. *Against Interim orders/directions given by the Presiding Officers of various DRTs in the Southern Region. *Against orders on MA/IA/Appeal against RO’s orders, etc passed by the Presiding Officers of various DRTs in the Southern Region. *Against orders on appeals filed under The Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002, passed by the Presiding Officers of various DRTs in the Southern Region. *Applications under subsection (6) of section 17 of the Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002. *DRAT-Chennai has jurisdiction to transfer cases pending in one DRT to another DRT within the Southern Region. There are nine DRTs functioning in the Southern Region in India. The details are:
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