About the DRAT
DRAT: The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act) provides speedy redressal to lenders and borrowers through the filing of Original Applications (OAs) in Debts Recovery Tribunals (DRTs) and appeals in Debts Recovery Appellate Tribunals (DRATs).
Applications are invited from eligible and willing candidates to prepare a panel of candidates for filling up two anticipated vacancies on the posts of Chairperson in Debts Recovery Appellate Tribunals in Delhi and Prayagraj and any unforeseen vacancies of Chairperson in any of the other DRATs at Chennai, Kolkata and Mumbai which may arise up to 31st December 2020.
Number of Vacancies
Delhi and Prayagraj
A person shall not be qualified for appointment as Chairperson of DRAT, unless he- a) is, or has been, a Judge of a High Court.
Has been a member of the Indian Legal Service and has held a post of Additional Secretary or any equivalent or any higher post for two years.
Has held office as the Presiding Officer of a Debts Recovery Tribunal for three years.
How to Apply?
Eligible and willing candidates (who are working in Government) may apply through proper channel, in the prescribed proforma (enclosed as Annexure) along with attested photocopies of the Annual Performance Appraisal Reports (APARs)/ Annual Confidential Reports (ACRs) for the last five years i.e. 2014-15 to 2018-19, vigilance clearance, integrity certificate so as to reach to Under Secretary (DRT), Department of Financial Services, Ministry of Finance, 1st Floor, Jeevan Deep Building, Sansad Marg, New Delhi-110001 by 21st July, 2020.
If any APAR/ACR for a period more than 3 months has not been recorded, then APAR/ACR prior to 2014-15 for the matching period should be forwarded along with No Report Certificate (NRC).