NewKerala.com

Govt Pushes DRTs to Adopt Best Practices for Faster Case Disposal

The Finance Ministry has urged debt recovery tribunals to adopt best practices from high-performing DRTs to accelerate case disposal. Key discussions included strengthening bank oversight mechanisms and prioritizing high-value cases. The ministry highlighted an encouraging increase in monthly disposal rates due to capacity building and infrastructure improvements. A recent mediation training program for DRT officers and bank executives focused on alternative dispute resolution methods.

Key Points: Govt Urges DRTs to Emulate Best Practices for Faster Disposal

  • Finance Ministry urges DRTs to emulate best practices
  • Focus on high-value cases for optimal recovery
  • Lok Adalats promoted as alternate dispute resolution
  • Training programs for presiding officers and bank executives
2 min read

Govt urges DRTs to emulate best practices to accelerate disposal of cases

Finance Ministry pushes debt recovery tribunals to adopt best practices from high performers to accelerate case disposal and reduce pendency.

"Mediation is internationally recognised as an effective practice for resolving disputes through mutual consensus. - Finance Ministry"

New Delhi, May 3

In a bid to reduce pendency and accelerate disposal of cases, the government has urged debt recovery tribunals to emulate best practices.

In a meeting here, Finance Ministry held deliberations on boosting disposal of cases in debt recovery tribunals.

Tribunals were urged to emulate best practices adopted by high-performing debt recovery tribunals (DRTs), its said in a statement.

Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, prioritising high-value cases for optimal recovery outcomes; leveraging Lok Adalats as an effective alternate dispute resolution, according to the ministry.

Also, the mechanisms for expeditious disposal, procedural reforms to accelerate case disposal and comprehensive capacity-building initiatives were discussed during the meeting.

According to Finance Ministry, DRTs have witnessed an encouraging increase in monthly disposal rates with renewed emphasis on capacity building and strengthening infrastructure through targeted training programmes.

Last September, a mediation training programme helped presiding officers of DRTs and senior executives of Public Sector Banks resolve disputes more effectively and improve decision-making in debt recovery cases.

The programme was organised by the Department of Financial Services (DFS), Ministry of Finance, in collaboration with the Mediation and Conciliation Project Committee (MCPC) of the Supreme Court of India.

During the training, participants were introduced to the concept of mediation, its advantages over traditional judicial processes, and other alternative dispute resolution (ADR) methods.

"The training was organised considering the importance of dispute resolution mechanisms in the present times," the ministry said. "Mediation is internationally recognised as an effective practice for resolving disputes through mutual consensus," the ministry added.

Sessions also focused on the stages of mediation, the role of mediators, communication techniques, and strategies for negotiation and bargaining.

"During this training programme various topics including concept of mediation, comparison between judicial process and various ADR processes, the process, stages and role of mediators, ways of communication in mediation as well as negotiation and bargaining in mediation were covered," the ministry stated.

- IANS

Share this article:

Reader Comments

S
Sneha F
The mediation training program with Supreme Court's MCPC is a smart move. Lok Adalats have worked wonders for family disputes, so why not for debt recovery? Less adversarial approach might actually help both banks and borrowers find common ground. 👏
A
Arjun K
Good initiative, but let's not forget that banks themselves need to file cases properly. Half the time, the papers are incomplete or the bank officers don't even show up for hearings. Without fixing that, no amount of tribunal reform will help. Just my two paise.
P
Priya S
As a small business owner who had to deal with a DRT once, I can say the experience was tedious. The emphasis on capacity building for presiding officers is welcome. They need to understand ground realities of businesses, not just legal technicalities. Hope this translates into real change on the ground.
V
Vikram M
Good to see DRTs being taken seriously, but the real issue is the lack of judges and infrastructure. You can't accelerate disposal without more benches. Hope the government addresses that too, otherwise it's just window dressing.
A
Ananya R
The focus on high-value cases for optimal recovery makes sense from a bank's perspective, but what about the smaller borrowers? They're often the ones most affected by delays. A balanced approach would be better. Still, any improvement is welcome. 😊
R

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50