About Debts Recovery Tribunal Coimbatore
The banks and financial institutions in India over the years have been experiencing considerable difficulties in recovering huge amounts of public money blocked in the hands of defaulting borrowers as the existing procedure for recovery of debts due to banks and financial institutions was not simple, swift and capable of reaching a final decision within a time frame.
The Government of India, as a step to streamline the system, appointed committees like “The Tiwari Committee, the Committee on Financial Systems headed by Shri M.Narasimham, former Governor of Reserve Bank of India, and “High Level Committee″ headed by V.S. Hegde. These Committees had recommended the setting up of special tribunals for speedy realization of dues of the credit institutions.
President of India promulgated The Recovery of Debts Due to Banks and Financial Institutions Ordinance, 1993 (Ordinance No.25 of 1993) on 24th June 1993, to provide for establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions.
Official Address
Contact Information
- +91-422-2323 008 / 009
- +91-422-2317 621
- Visit Official Website
Debts Recovery Tribunals was established on 23rd March 2002 by the Government of India for expeditious adjudication and recovery of debts due to banks and financial institutions. Debts Recovery Tribunal is also the appellate authority for appeals filed against the proceedings initiated by secured creditors. There are 5 Debts Recovery Tribunals in Tamil Nadu. Debts Recovery Tribunal Coimbatore recruitment offers great career opportunities for several posts such as Section Officer, Recovery Inspector, Accounts Assistant, Stenographer, Upper Division Clerk, Lower Division Clerk, Private Secretary, Accounts Assistant, Assistant, Recovery Inspector. Interested candidates can pursue courses in Degree in concerned discipline, for a great career at Debts Recovery Tribunal Coimbatore.
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