Last Updated on May 2, 2026 8:58 pm by BIZNAMA NEWS
AMN
The Department of Financial Services (DFS) today convened a colloquium of Chairpersons of Debt Recovery Appellate Tribunals and Presiding Officers of Debt Recovery Tribunals (DRTs) in New Delhi. Addressing the event, DFS Secretary, M Nagaraju highlighted the Department’s strategic thrust on deepening digitisation to streamline tribunal processes.
The discussions focused on strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, leveraging Lok Adalats as an effective alternate dispute resolution mechanism for expeditious disposal and advancing procedural reforms to accelerate case disposal.
The deliberations were also held on mandatory e-filing, hybrid hearing facilities, and continuous enhancements under e-DRT 2.0, contributing to improved efficiency and transparency. The Ministry of Finance said these engagements have led to constructive exchanges, resulting in tangible improvements in tribunal functioning and promoting the adoption of best practices.