The government is pushing debt recovery tribunals (DRTs) to adopt best practices to reduce backlog and speed up case resolutions. The Finance Ministry recently discussed strategies to enhance case disposal rates in these tribunals, emphasizing the need to learn from high-performing DRTs. Key areas of focus included strengthening oversight in banks, prioritizing high-value cases, and utilizing Lok Adalats for dispute resolution.
Efforts to expedite case resolutions, introduce procedural reforms, and enhance capacity-building initiatives were highlighted during the meeting. The Finance Ministry noted a positive trend in monthly case disposals at DRTs, attributing it to improved training programs and infrastructure. Last September, a mediation training initiative facilitated better dispute resolution and decision-making among DRT officers and bank executives.
The training, conducted by the Department of Financial Services in collaboration with the Supreme Court’s Mediation and Conciliation Project Committee, aimed to familiarize participants with mediation and alternative dispute resolution methods. Emphasizing the significance of mediation in resolving disputes, the ministry highlighted its international recognition for promoting mutual consensus. Sessions covered various aspects of mediation, including stages, mediator roles, communication techniques, negotiation strategies, and the benefits over traditional judicial processes.
