Definition
A petition filed before the DRT Recovery Officer under Section 30 of the RDDB Act challenging the execution proceedings. A borrower may file an objection if the attachment or sale is improper, the property attached is not the borrower's, or the amount claimed is incorrect. Also, a Section 17 application under SARFAESI is an objection petition to the DRT challenging the secured creditor's enforcement actions.
Related Terms
Recovery OfficerDRTSection 17 SARFAESI
Need Expert Advice on Objection Petition?
For specific advice on how Objection Petition applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates