Job Opportunity: Chairperson at Debts Recovery Appellate Tribunal

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Chairperson Vacancy at Debts Recovery Appellate Tribunal

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The Department of Financial Services, under the Ministry of Finance, has issued a notification inviting applications for the post of Chairperson at the Debts Recovery Appellate Tribunal (DRAT). This esteemed position oversees appeals against decisions of Debts Recovery Tribunals, which play a crucial role in expeditious adjudication and recovery of debts due to banks and financial institutions.

Position Details

  • Post: Chairperson, Debts Recovery Appellate Tribunal (DRAT)
  • Location: As per vacancy (refer official notification)
  • Application Deadline: 04 August 2025
  • Mode of Application: Offline (prescribed format)

Essential Qualifications & Experience

As per Rule 3(9) of the Tribunal (Conditions of Service) Rules, 2021, and the Tribunal Reforms Act, 2021, a candidate should meet one of the following criteria:

  • Must be, or have been, a Judge of a High Court; OR
  • Must have been a member of the Indian Legal Service with at least 10 years of experience in litigation and have held the post of Additional Secretary or any equivalent/higher post; OR
  • Must have held the office of Presiding Officer of a Debts Recovery Tribunal for three years.

Age Criteria:

  • The applicant must have completed 50 years as on the last date for submission of application and should not have attained 70 years of age by the end of tenure.

Term of Office:

  • The Chairperson will hold office for four years or until they attain the age of 70 years, whichever is earlier.

Re-appointment Option:

  • Eligible individuals who’ve held the position of Chairperson or Member of any Tribunal may apply for re-appointment according to amended service rules.

Selection Process

  • Applications are reviewed by a Search-Cum-Selection Committee constituted as per the Tribunal Reforms Act, 2021. The Committee scrutinizes candidates based on qualification, experience, and suitability before making recommendations for appointment.

How to Apply

  • Download and complete the application in the prescribed format (available in the vacancy notification).
  • Documents to Enclose:
    • Duly filled application form (Bio-data as per format)
    • Employer’s/head of office forwarding certificate and attested CR/APAR (last 5 years, if applicable)
  • Submit the application to: Under Secretary (DRT) Department of Financial Services, 3rd Floor, Jeevan Deep Building, Sansad Marg, New Delhi – 110001
  • Last date for receipt: 04 August 2025 (applications must reach the office by this date).

Why Consider this Position?

  • Leadership and Impact: Guide and shape the appellate processes in financial debt recovery, an essential link in safeguarding India’s banking and financial sector.
  • Prestige and Authority: The post is equivalent to that of top judicial and administrative leadership roles in the country.
  • National Importance: Opportunity to drive systemic improvements and support the robust functioning of debt resolution mechanisms.

For detailed eligibility, selection criteria, and official application formats, candidates must refer to the official notification and circular issued by the Department of Financial Services.

Official Notification: https://financialservices.gov.in/beta/sites/default/files/DRT-VAcanciy.pdf

Note: Timely submission of a complete application is essential for consideration.

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