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Debt Recovery Tribunal Of India- Part II


An unjustified justification.


DRT is the acronym of Debt recovery tribunal Of India.

It comes under the Finance Ministry.

DRT  is totally biased.

It acts  in favour of Banks and Financial Institutions.

In almost all cases , the companies arguments , however genuine, however poignant, however, serious, however matter of fact,however depressing, are  discarded by the Presiding officers.

The financial institutions emerge successful, by putting forth flimsy doctrines.

Supreme court and High courts pronounce a judgement after hearing both the parties, the petitioner and the defendant.

In DRT, they hear, but the final judgement is supportive of banks.

DRT,s should note,that

A company is  run by a Board of directors-Human beings

A bank is a body of officials.- again Human beings, not Gods

According to DRT , companies only err, banks are above mistakes.

This thought ,or preconceived notion is a very costly coordination and a baseless assumption.

The tribunal , should go into details of the case, and come out with meritorious proclamations.

Leniency over banks is condemnable.

Rashness over companies is detestable.

Tribunals should be fair and prompt in their pronouncement or decree.

By meenas17

A lover of classical Carnatic music.
An avid reader, passionate writer, into stocks and investments for livelihood

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