Government to computerise Debt Recovery Tribunal
Q. The government is looking to take on which actions to ensure fast track recovery of bad loans by banks?- Published on 29 Sep 15a. Computerise Debt Recovery Tribunal
b. Reduce the oral hearings to two
c. Both of the above
d. None of the above
ANSWER: Both of the above
In a bid to ensure fast track recovery of bad loans by banks, the Government will computerise DRT and lower oral hearings to two. Arbitration Law for fast track arbitration with a single member Arbitration Board completing the entire process in 6 months has been proposed. Board loans of banks are occurring as cheap imports are adversely affecting the domestic industry.
