Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
    IIM-C to host National Conclave on Entrepreneurship
    Singaporean firm CapitaLand to invest Rs 19,200 crore in Maharashtra by 2030
    Rupee rises 16 paise against US dollar
    Banks to clear cheques within few hours from Oct 4: RBI
    Jaishankar to visit Russia next week; to hold talks with top leaders
    Mandatory to adopt geo-tagging, geo-fencing for all MIDH scheme components: HP Horticulture director
    CM SHRI test: Aug 22 last date for application submission for classes 6-8
    'Friends of MSMEs in UP Assembly' formed to accelerate economic growth
    REITS Q1FY'26 payout jumps 13pc to Rs 1,559 crore
    Bihar SIR row: Electoral rolls can't remain static, bound for revision, says SC
    In ten days, 4,900 citizens from Thane district pledge to donate organs
    InfoComm India 2025 Summit to Explore Artificial Intelligence, Hybrid Workplaces, and Next-Generation AV Technologies
    NFRA and IICA Jointly Launch the Second Four-month Course for Audit Committee Members and Independent directors
    98th Meeting of Network Planning Group evaluates 7 infrastructure projects across Railways, Roads, Logistics and Textiles
    India Says 'No' to Rote Learning: Landmark School Movement by LEAD Group Crosses 15 Mn. Pledges
    HSB Appoints Former IIM Lucknow Director Prof. Archana Shukla as Director
    Vels University (VISTAS) Hosts Grand Freshers' Inauguration - 2025 with Famous Media Personality R. Rangaraj Pandey
    Exicom Q1 FY26: Navigating a Soft Quarter with Clear Momentum for the Road Ahead
    Startek® joins Everest Group and Clinton Global Initiative to expand inclusive hiring through Impact Sourcing Pledge
    IAS, IPS, IRS Can Join Knot.dating, but the Private Sector Still Needs a 50L+ Salary

Are you sure you want to delete "My most important" ?

NOTE:

News

Back

All News

Showing Results for : Category : All
Reset Filters
Showing
Records
ExpandCollapse

    News

    Back

    All News

    Showing Results for : Category : AllReset Filters
    Case ID :

    Union Finance Minister to Inaugurate the Conference of the Chairpersons of Debts Recovery Appellate Tribunals (DRATS) and Presiding Officers of Debts Recovery Tribunals (DRTS) Tomorrow.

    June 6, 2012

    📋
    Contents
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    Press Information Bureau

    Government of India

    Ministry of Finance

    05-June-2012 19:10 IST

    Union Finance Minister to Inaugurate the Conference of the Chairpersons of Debts Recovery Appellate Tribunals (DRATS) and Presiding Officers of Debts Recovery Tribunals (DRTS) Tomorrow

    The Union Finance Minister Shri Pranab Mukherjee will inaugurate the Conference of the Chairpersons of Debts Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debts Recovery Tribunals (DRTs) here tomorrow.

    During the daylong Conference, the Chairpersons of DRATs and Presiding Officers of DRTs are likely to study, analyse and recommend legal, organisational and administrative measures required to remove the bottlenecks and challenges before these Tribunals so as to ensure that the purpose of expeditious and speedy recovery of the public money is achieved. Presently large amount of debts due to banks is outstanding and there have been delays in deciding the cases by DRTs.

    The Recovery of Debts due to the Banks and Financial Institutions Act,1993 (RDDBI Act) was enacted to provide for the establishment of Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) for expeditious adjudication and recovery of debts due to banks and financial institutions. At present, there are 33 DRTs and 5 DRATs. DRAT is the appellate authority to hear and dispose of appeals arising out of the decisions of the DRTs.

    As per the provisions of the Recovery of Debts due to the Banks and Financial Institutions Act, 1993 (RDDBI Act), the DRTs are to make an endeavour to decide the case is 180 days. But due to large number of cases being filed in the DRTs and other legal and administrative constraints, large number of cases are pending in the DRTs. The Department of Financial Services has started the practice of regular interaction with the Registrars of DRATs/ DRTs and Recovery Officers of DRTs to address the issues resulting in delays in deciding the cases. Discussions have also been held between the Recovery Officers and the Senior Officers of the Banks to sort out the inter organisational issues so that delays on the part of the Banks could be avoided.

    ***

    DSM/Hb

    Topics

    ActsIncome Tax