Union Finance Minister Asks the Chairpersons of Debt Recovery Appellate Tribunals (DRATS) and Presiding Officers of Debt Recovery Tribunals (DRTS ) to Suggest Ways and Means to Expedite the Unlocking of Resources of Various Banks https://www.taxtmi.com/news?id=3434 The Finance Minister requested DRAT and DRT leadership to propose measures to expedite recovery of bank resources tied up in NPAs, stressing the Tribunals' obligation under the Recovery of Dues Act to endeavour decision within 180 days, identifying pendency and procedural delays, and asking for concrete suggestions on jurisdictional realignment, possible additional Tribunals, legislative amendments to SARFAESI and RDDBFI, and enhanced judicial accountability to improve disposal rates. en-us Wed, 06 Jun 2012 18:44:39 +0530 Wed, 06 Jun 2012 18:44:39 +0530 TaxTMI RSS Generator Union Finance Minister Asks the Chairpersons of Debt Recovery Appellate Tribunals (DRATS) and Presiding Officers of Debt Recovery Tribunals (DRTS ) to Suggest Ways and Means to Expedite the Unlocking of Resources of Various Banks https://www.taxtmi.com/news?id=3434 The Finance Minister requested DRAT and DRT leadership to propose measures to expedite recovery of bank resources tied up in NPAs, stressing the Tribunals' obligation under the Recovery of Dues Act to endeavour decision within 180 days, identifying pendency and procedural delays, and asking for concrete suggestions on jurisdictional realignment, possible additional Tribunals, legislative amendments to SARFAESI and RDDBFI, and enhanced judicial accountability to improve disposal rates. News - Wed, 06 Jun 2012 18:44:39 +0530 https://www.taxtmi.com/news?id=3434