Finance Ministry Hosts DRT-DRAT Colloquium in Delhi
27 May 2025
1 Min Read
CW Team
The Department of Financial Services (DFS), Ministry of Finance, convened a colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) on 24 May 2025 at Vigyan Bhavan, New Delhi. Justice S.V.N. Bhatti, Judge of the Supreme Court of India, delivered the keynote address. The gathering also included senior DFS officials and representatives from public and private sector banks, along with the Indian Banks鈥� Association.
The Secretary of DFS outlined key initiatives to improve tribunal efficiency, including the implementation of revised DRT Regulations, mandatory e-filing, video conferencing, and hybrid hearings aimed at reducing turnaround times.
Discussions focused on several critical areas:
5. Effective enforcement of the DRT Regulations, 2024
6. Strengthened monitoring by banks to improve recovery rates
7. Prioritisation of high-value cases for optimal recovery
8. Use of alternative dispute resolution methods such as Lok Adalats
9. Enhanced training for Presiding Officers and tribunal staff
10. Streamlining processes to accelerate case disposal
Stakeholders were urged to collaborate in clearing case backlogs and establishing a robust recovery ecosystem, enabling redeployment of locked capital for productive use in the economy.
The Department of Financial Services (DFS), Ministry of Finance, convened a colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) on 24 May 2025 at Vigyan Bhavan, New Delhi. Justice S.V.N. Bhatti, Judge of the Supreme Court of India, delivered the keynote address. The gathering also included senior DFS officials and representatives from public and private sector banks, along with the Indian Banks鈥� Association.The Secretary of DFS outlined key initiatives to improve tribunal efficiency, including the implementation of revised DRT Regulations, mandatory e-filing, video conferencing, and hybrid hearings aimed at reducing turnaround times.Discussions focused on several critical areas:5. Effective enforcement of the DRT Regulations, 20246. Strengthened monitoring by banks to improve recovery rates7. Prioritisation of high-value cases for optimal recovery8. Use of alternative dispute resolution methods such as Lok Adalats9. Enhanced training for Presiding Officers and tribunal staff10. Streamlining processes to accelerate case disposalStakeholders were urged to collaborate in clearing case backlogs and establishing a robust recovery ecosystem, enabling redeployment of locked capital for productive use in the economy.
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