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TMI Blog67500 Cases Pending in DRTsX X X X Extracts X X X X X X X X Extracts X X X X ..... 67500 Cases Pending in DRTs X X X X Extracts X X X X X X X X Extracts X X X X ..... debtors and enactment of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 under which appeal cases are filed before the DRTs. The Government does not interfere in the judicial functioning of DRTs. However, keeping in view the pendency of cases in tribunals, several steps have been taken by the Government to remove the bottlenecks for speedy dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... posal of cases in DRTs. Some of these are as under: i. Regular meetings are conducted with the Registrars of DRTs/DRATs to sort out administrative issues and with the Recovery Officers (ROs) for speedy disposal of recovery cases. ii. Regular trainings of Registrars, Assistant Registrars and ROs. iii. A conference of Chairpersons of DRATs and Presiding Officers of DRTs was conducted on 06.06.12 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to review the legal, structural, administrative, monitoring and supervisory systems of DRTs to make these Tribunals more effective, efficient and vibrant judicial systems. Sub-Section (24) of Section 19 of 'The Recovery of Debts due to Banks and Financial Institutions Act, 1993' stipulates that the application made to the Tribunals under sub-section (1) or sub-section (2) shall be dealt with by i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t as expeditiously as possible and endeavor shall be made by it to dispose of the application finally within one hundred eighty days from the date of receipt of the application.
This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today.
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