Debt Recovery Tribunals

SC issues notice to Centre over vacancies in 11 debt recovery Tribunals

The Supreme Court on Monday sought a response from the Ministry of Finance on a PIL highlighting critical vacancies in 11 Debt Recovery Tribunals (DRTs) across India. The DRTs are set up under the Recovery of Dues to Banks and Financial Institutions Act of 1993 to enable banks and financial institutions recover bad debts from borrowers. "Eleven DRTs remain unmanned which is creating issues. In view of the grant of additional charges and also the complications, notice be served including 'dasti', counter affidavits (reply) be filed in five weeks and the rejoinder to be filed within three weeks after the response," said a bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar. The PIL, filed by Ghaziabad resident Nischay Chaudhary, was argued by senior advocate K B Sounder Rajan along with lawyer Sudarshan Rajan. According to the PIL, as of September 30, 2024, 11 DRTs are without presiding officers, severely impacting their ability to resolve cases efficiently. The PI

Supreme court criticises Centre for 'cherry picking' names for Tribunals

The Supreme court on Wednesday pulled up the Centre over the recent appointments in some tribunals, saying it was "cherry-picking" candidates from the recommended list and that there was "no consistency" in the selection process. "We are very much unhappy with the way the issues are going on and how the decisions are taken, the court observed, calling the situation "unfortunate". Observing that making appointments in tribunals is the only solution, the top court asked the Centre to do so in two weeks as the quasi-judicial bodies face a severe crunch of presiding officers as well as judicial and technical members that crippled their functioning. The Centre was also asked to apprise the court of the reasons if persons from the recommended list are not selected. A three-judge special bench headed by Chief Justice N V Ramana took note of the assurance of Attorney General K K Venugopal that the Centre would make appointments in two weeks to the tribunals from the list of persons ...

Cabinet nod to changes in Vivad se Vishwas Bill to reduce tax litigations

The minister hoped that people will take advantage of the scheme to settle the tax disputes before March 31, 2020

Tribunals stuck in low gear

Appeals cannot be heard as chairmen or technical members are not appointed

Banks flag 'tardy' work, piling-up of cases at debt recovery tribunals

The concerns have been conveyed to the finance ministry through the Indian Bank's Association earlier this month

Views sought on Bill to take debt tribunals online

The amendment of the debt recovery law will computerise processing of tribunal cases for faster disposal

DRTs to go online, dispose cases faster

The amendment to the DRT Act will strengthen these tribunals and focus on improving the existing infrastructure