DFS holds colloquium of DRAT Chairpersons and DRT Presiding Officers on faster debt recovery
The Department of Financial Services organised a colloquium of Chairpersons of Debt Recovery Appellate Tribunals and Presiding Officers of Debt Recovery Tribunals at Vigyan Bhawan, New Delhi on 24 May 2025, with Supreme Court Judge Justice S.V.N. Bhatti delivering the keynote address.
Summary
A colloquium of Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) was organised by the Department of Financial Services (DFS), Ministry of Finance, at Vigyan Bhawan, New Delhi on 24 May 2025. Supreme Court Judge Justice S.V.N. Bhatti delivered the keynote address. The DFS Secretary highlighted initiatives such as revised DRT Regulations, mandatory e-filing, video-conference and hybrid hearings to reduce turnaround time. Deliberations included effective implementation of the DRT Regulations, 2024 and stronger monitoring by banks to increase recovery through DRTs.
Key facts
- Date and venue
- 24 May 2025, Vigyan Bhawan, New Delhi
- Organiser
- Department of Financial Services, Ministry of Finance
- Keynote
- Justice S.V.N. Bhatti, Judge, Supreme Court
- Initiatives
- Revised DRT Regulations; mandatory e-filing; VC and hybrid hearings
- Focus
- Implementation of DRT Regulations, 2024; bank monitoring for recovery
Practice MCQs 2 questions
Which Supreme Court Judge delivered the keynote address at the DFS colloquium of DRAT Chairpersons and DRT Presiding Officers in May 2025?
Show answer
Correct answer: B — Justice S.V.N. Bhatti
Justice S.V.N. Bhatti, Judge of the Supreme Court, delivered the keynote address.
The DFS colloquium of May 2025 discussed effective implementation of the DRT Regulations of which year?
Show answer
Correct answer: D — 2024
Deliberations included effective implementation of the DRT Regulations, 2024.