Finance Ministry Discusses Faster Case Disposal and Higher Recoveries Through DRTs

The Finance Ministry has discussed measures to speed up case disposal before Debt Recovery Tribunals (DRTs), with a focus on faster recovery in high-value cases.

The deliberations took place during a colloquium involving Chairpersons of Debt Recovery Appellate Tribunals, Presiding Officers of DRTs, public and private sector banks, and the Indian Banks’ Association.

The meeting reviewed procedural reforms, monitoring mechanisms for banks, and best practices followed by high-performing DRTs. Proposals for amendments to the Recovery of Debts and Bankruptcy Act, 1993 and the SARFAESI Act, 2002 were also considered.

The Ministry emphasised capacity-building initiatives, including structured training for tribunal staff and authorised bank officers, to improve efficiency and recovery outcomes.