DRT is the acronym of Debt recovery tribunal.
This tribunal is very active in recent times.
It was first located in the four metropolis of india ,Delhi, mumbai Kolkatta and chennai.
At prsent it has its branches in most of the cities in India.
The increase in offices is an indicator to the rise of defaulting companies.
Defaulters can be classified as wilful, and natural.
Almost every day we can see advertisements posted by DRT in news papers.
The judgement is mostly in favour of the financial institutions.
Corporates, small business are not spared by DRT.
Most deserving cases are totally ignored.
The merits of the case is not taken into account.
The story of a the genuine defendant is suppressed.
Th financial institutions have a upper hand.
The natural defaulters are furthermore squeezed.
The DR T’s are Shylock’s of the modern era
A pound of flesh is their motto.
Harassment meted out to genuine defaulters should be restricted.
Compassionate approach should be present.
The tribunal should find out the reason for such failures .
Remedial measures are to be worked out.
Such that the rise in non performing assets could be contained.
The much battered industrial sector will thrive , if only such practices are enforced.
Meenas Poems 