How is Centre Training DRT Officers and PSU Bank Executives in Mediation Enhancing Debt Recovery Efficiency?
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Synopsis
Discover how a transformative 40-hour mediation training program is reshaping debt recovery in India. This initiative equips Debts Recovery Tribunals and Public Sector Bank executives with essential skills to resolve disputes efficiently, paving the way for improved financial decision-making and a more effective recovery process.
Key Takeaways
- 40-hour mediation training for DRT officers and PSU bank executives.
- Focus on improving dispute resolution skills.
- Collaboration with Supreme Court for effective training.
- Emphasis on mediation's benefits over traditional judicial processes.
- Training covers essential topics like negotiation and communication strategies.
New Delhi, Sep 28 (NationPress) A 40-hour mediation training programme aims to assist presiding officers of Debts Recovery Tribunals (DRTs) and senior executives from Public Sector Banks in resolving disputes more effectively and enhancing decision-making in cases related to debt recovery, as stated by the Ministry of Finance on Sunday.
This initiative was organized by the Department of Financial Services (DFS), within the Ministry of Finance, in collaboration with the Mediation and Conciliation Project Committee (MCPC) of the Supreme Court of India.
Conducted from September 24 to 28, the programme took place at the Additional Building Complex of the Supreme Court.
Throughout the training, participants were familiarized with the concept of mediation, its benefits over traditional judicial methods, and various alternative dispute resolution (ADR) techniques.
“The training was organized with a focus on the significance of dispute resolution mechanisms in today’s context,” remarked the ministry.
“Mediation is globally acknowledged as an efficient method for resolving conflicts through mutual agreement,” the ministry further noted.
Training sessions covered the stages of mediation, the duties of mediators, communication skills, and negotiation strategies.
The ministry stated, “Various topics were discussed including mediation concepts, comparisons between judicial processes and other ADR approaches, mediation processes, stages, mediator roles, and communication and negotiation strategies in mediation.”
A particular focus was placed on the responsibilities of referral judges, lawyers, and involved parties in mediation, especially concerning cases under the Recovery of Debts and Bankruptcy (RDB) Act, 1993, and the SARFAESI Act, 2002.
Participants praised this initiative, indicating that the programme provided them with essential tools to manage disputes with enhanced efficiency.
They also expressed gratitude to the DFS and MCPC for organizing the training, asserting that it would bolster the effectiveness of debt recovery operations.
Point of View
This mediation training initiative represents a significant stride towards modernizing debt recovery mechanisms in India. By equipping key financial authorities with mediation skills, the program not only addresses current challenges but also fosters an environment of collaboration and efficiency in resolving disputes.
NationPress
28/09/2025
Frequently Asked Questions
What is the purpose of the mediation training program?
The mediation training program aims to enhance the dispute resolution skills of DRT officers and PSU bank executives, improving efficiency in debt recovery.
Who organized the mediation training?
The program was organized by the Department of Financial Services in collaboration with the Mediation and Conciliation Project Committee of the Supreme Court of India.
What topics were covered during the training?
Topics included mediation concepts, ADR methods, roles of mediators, negotiation strategies, and specific cases under relevant acts.
How long did the training last?
The mediation training program lasted for 40 hours, conducted from September 24 to 28.
What impact is expected from this training?
The training is expected to improve dispute resolution efficiency and decision-making in debt recovery processes.
