We are very much concerned that the sanctity of debt contracts has been continuously eroded in India, especially by large borrowers. The system protected large borrowers and their right to stay in control, rendering bankers helpless vis-a-vis large and influential promoters. As explained earlier, we are separately dealing with this issue through the treatment towards wilful defaulters and non-cooperative borrowers. 28.
Since pendency of large number of cases in DRTs is one of the prime issues that needs to be addressed, I would like to draw your attention to some of our other concerns and need for better efficiency of DRTs: •  It is understood that in a number of cases, DRT grants time to borrower / applicant to make payment and subject to payment, bank’s SARFAESI action is stayed and matter lingers on for a long period.