DRT Recruitment 2024 | 38 job vacancies Apply Now

About DRT Recruitment

The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunal (DRATs) were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institution. Presently 38 DRT’s and 5 DRAT’s are functioning in India. Debts Recovery Tribunal II Ahmedabad, is under the department of financial service of India. The Debts Recovery Tribunal-II, Ahmedabad was established by the Central Government vide notification No. G.S.R.395(E), dated 1st Jun 2007. The Debt Recovery Tribunal-II , Ahmedabad has the Territorial Jurisdiction over the District of Kutch,Rajkot,Surendranagar, Jamnagar, Amreli, Bhavnagar,Porbandar,Junagadh, Nadiad(Kheda),Vadodara, Bharuch, Narmada(Rajpipla), Surat,Navsari,Dang and Valsad in the State of Gujarat and Union Territories of Daman & Diu and Dadra & Nagar Haveli.

The financial sector has been one of the key drivers in India’s efforts to achieve success in rapidly developing its economy. While the banking industry in India is progressively complying with the international prudential norms and accounting practices, there are certain areas in which the banking and financial sector do not have a level playing field as compared to other participants in the financial markets in the world. There is no legal provision for facilitating the securitization of financial assets of banks and financial institutions. Further, unlike international banks, the banks and financial institutions in India do not have the power to take possession of securities and sell them. Our existing legal framework relating to commercial transactions has not kept pace with the changing commercial practices and financial sector reforms. The provisions of the Ordinance would enable banks and financial institutions to realize long-term assets for recovery or reconstruction.

How to apply for DRT Recruitment 2023-24

1. At first, visit the Debts Recovery Tribunals website. i.e. www.drt.gov.in
2. Then, click on the Debts Recovery Tribunals notification.
3. Now, you can download and read the notification carefully.
4. Then, you need to find the Debts Recovery Tribunals Application Form at the end of the page.
5. Now, you should download and take a print out of it.
6. Fill all the details like your name, DOB, educational details etc..
7. Now, paste a passport size photo and enclose important documents if it is asked.
8. Finally, post the application form to the address given below on or before the last date.

DRT Recruitment 2023-24 Important Links: