e-governance in debts recovery tribunals and debts recovery appellate tribunals: a framework for implementation in India

Abstract

This paper aims to study the processes of Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) in India and propose an e-Governance framework to improve their core functioning and expedite the recovery of Non-Performing Assets (NPAs) of Banks and Financial Institutions (FIs). It also discusses how DRTs, DRATs, Ministry of Finance (MoF), Govt. of India and external stakeholders (Banks, FIs, Companies, Advocates and Individuals) may benefit from the innovative use of ICT in DRTs and DRATs. The paper also briefly mentions the possible challenges and solutions.