DFS Colloquium Highlights Innovations in Debt Recovery

The Department of Financial Services (DFS) held a colloquium with Chairpersons of Debts Recovery Appellate Tribunals (DRATs) and Debts Recovery Tribunals (DRTs) to enhance the debt recovery system. Key discussions focused on implementing mandatory e-filing and hybrid hearings to improve efficiency. The colloquium also emphasized digitisation, capacity building, and adopting best practices for better case disposal and recovery.

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