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The Supreme Court has issued notices to the Ministry of Finance regarding significant vacancies in Debt Recovery Tribunals (DRTs) across India. A PIL highlighted that nearly one-third of the 39 DRTs are non-functional due to the lack of Presiding Officers, which hampers the timely recovery of debts for banks and financial institutions. As of September 30, 2024, 11 DRTs remain without leadership, undermining the objectives of the Recovery of Dues to Banks and Financial Institutions Act of 1993.
Sudarshan Rajan
People
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Supreme Court addresses critical vacancies in debt recovery tribunals across India
07:40 18.11.2024
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