An internal audit undertaken by the Finance Ministry

An internal audit undertaken by the Finance Ministry has revealed that officers entrusted to recover debt as per orders of Debt Recovery Tribunals often settled cases at a low amount, leading to a loss of Rs 1036 crores. Interestingly these officers do not have the power to reduce the amount stated in the order issued by the presiding officer. At present there are 30 DRTs and 5 debt recovery appellate tribunals. DRTs take up cases of Rs 10 lacs and above. ( source BS 311208)