Tuesday, March 2, 2010

Hydrabad Debts Recovery Tribunal got ISO-9001 certification in 2004 itself

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By J. Venkatesan

 For the first time in judicial history, a Debts Recovery Tribunal, 
a quasi-judicial forum, has been awarded ISO-9001 
certification here for adhering to quality standards and
disposing of cases relating to recovery of outstanding 
dues to banks and financial institutions.
 
The recipient of this prestigious award from 
Justice A.R. Lakshmanan, Judge of the Supreme Court,
was the presiding officer of Hyderabad DRT, T. Ravi Shankar. 

It became the first Tribunal in the country to get thiscertification. 
As on July 31, this DRT had recovered dues to the banks 
and financial institutions to the tune of Rs. 963 crores. 
The total outstanding amount due to banks is about Rs. 90,000 crores. 

Speaking on the occasion, Mr. Justice Lakshmanan 
lauded the efforts of DRT Hyderabad for bagging 
this certification, which would enable it to discharge 
its functions more efficiently, and expeditiously in a transparent 
manner. 

He said such certification for a judicial forum would go 
a long way in ensuring quality standards in the justice 
delivery system and urged other DRTs to emulate DRT Hyderabad.


Mr. Ravi Shankar said in compliance with ISO 
requirements, the Tribunal had framed its quality 
policy, values and objectives. One of the objectives 
was to recover a sum of Rs. 200 crores in 2004-2005
and Rs. 300 crores in 2006-2007.

He said the ISOcertification also required that 
cases had to be disposed of speedily. 

The Joint Secretary in the Union Finance Ministry, 
P.M. Sirajuddin, said that the DRTs provided 
for expeditious adjudication and recovery of debts
due to banks and at present 29 DRTs were 
functioning all over the country and there were 
five appellate tribunals.
  • Reference: Wednesday, Aug 11, 2004 The Hindu

2 comments:

  1. thats good for them, they should continue to work well with what they already have and improves it.
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  2. nice site thanks for this valuable information..
    ISO 9001 Certificate

    ReplyDelete