ENA Sectors 2026-05-04 16:48:38 <p><span style="font-size:14px"><strong>New Delhi, May 4 (KNN) </strong>The Department of Financial Services (DFS) under Ministry of Finance held a colloquium of chiefs of Debts Recovery Appellate Tribunals (DRATs) and presiding officers of Debts Recovery Tribunals (DRTs) at Vigyan Bhavan to review measures aimed at strengthening the debt recovery framework and reducing case pendency.</span></p> <p><span style="font-size:14px">The discussions focused on improving disposal rates and enhancing institutional capacity through targeted training programmes and infrastructure upgrades.</span></p> <p><span style="font-size:14px">Officials noted an improvement in monthly case disposals and urged tribunals to adopt best practices from high-performing DRTs to further accelerate outcomes.</span></p> <p><span style="font-size:14px">The colloquium also served as a platform for policy dialogue and reform, enabling exchange of operational insights among tribunals, banks, and stakeholders including the Indian Banks Association.</span></p> <p><span style="font-size:14px">Emphasis was placed on strengthening monitoring mechanisms within banks, prioritising high-value cases, and expanding the use of alternative dispute resolution tools such as Lok Adalats.</span></p> <p><span style="font-size:14px">Key procedural reforms under consideration included identifying cases suitable for mediation and streamlining processes to expedite resolution of both pending and new cases. Capacity-building initiatives for tribunal staff, including Presiding Officers and Recovery Officers, were also highlighted as critical to improving efficiency.</span></p> <p><span style="font-size:14px">On the technology front, the DFS underscored the role of mandatory e-filing, hybrid hearing systems, and ongoing upgrades under the e-DRT 2.0 platform in enhancing transparency and operational efficiency.</span></p> <p><span style="font-size:14px">The upgraded BAANKNET e-auction platform was also cited as improving asset visibility and supporting better recovery outcomes.</span></p> <p><span style="font-size:14px">The department reiterated its commitment to building a more efficient, transparent, and responsive debt recovery ecosystem.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 46001 https://knnindia.co.in/news/newsdetails/sectors/dfs-holds-colloquium-to-strengthen-debt-recovery-framework-focus-on-faster-case-disposal 2026-05-04 16:48:38 knnindia.co.in