Debt Recovery Tribunal of India -Part-III

The anomalies in the judgements of DRT is  extremely painful to the companies.

The modifications in the RBI  one time settlements are too many and too difficult to adhere.

The stipulateded time  is too short,, the  procedures  are confusing , the bureaucratic behaviour  of the banks  is suffocating,and  the  inhuman sneer of the DRT is humiliating.

As ,in all government offices, Corruption and bribery , are predominant in DRT.

The Presiding officer, the recovery officers, the inspectors and the sub staff , expect a sizable amount to conclude the case.

The appeal, however meritorious, however, much based on factual, however genuine in its submission, wil  not find a positive judgement.

But a petition,  extremely out of context, based on blatant lies, a compound of fiction and falsification , will end up triumphantly, for reasons best known to the judges, who have taken an oath to act without prejudice  on Holy scriptures like Bhagavad Gita, Bible and Koran.

“Satyameva jaya dev” Truth ever prevails is the clarion call of Lord Krishna.

“Asatyameva jayadev”.Untruth ever prevails , is the tall claim of DRT.

. With the enormous powers vested on the tribunal, it can identify wiful defaulters from  genuine failures and pronounce judgement accordingly.

Industries have failed in their repayment, but the DRT’s have to go beyond its circumvention.

Why have they failed ?

Did they swindle?

Did they lose ?

Was it due to mismangement?

Did the banks aided them with adequate finance and at the appropriate time.?

What was the rate of interest the bank levied on its advances?

Did the bank give  them another opportunity?

Did the bank meted out unbiased treatment to the so called   powerful industrilist, and the simple modest  entrepreneur.?

The DRT , has the infrastructure, it has the man power, it possesses the money vibrancy , as it is backed by the Finance Ministry ..

It has to establish truth and codify a congenial industrial climate.

The officials should rise above the frailties of money , power and rank, and give out a verdict to make India shine and emerge as a super power.

Will the DRT respond?