Debt Recovery Tribunals officers and Public Sector Bank executives completed specialized mediation training designed to enhance dispute resolution capabilities. The Department of Financial Services partnered with the Supreme Court's Mediation and Conciliation Project Committee to deliver the intensive program. Officials participated in the five-day course at the Supreme Court's Additional Building Complex from September 24 through 28. The initiative targeted improved decision-making processes within debt recovery proceedings.
Training sessions covered mediation fundamentals, alternative dispute resolution methods and effective communication strategies for financial disputes. Instructors emphasized negotiation techniques and the distinct roles of mediators, referral judges and legal representatives. Participants examined specific applications under the Recovery of Debts and Bankruptcy Act and SARFAESI Act frameworks. Course attendees praised the program's practical approach to streamlining debt recovery operations through consensus-building methods rather than traditional litigation processes.
Training sessions covered mediation fundamentals, alternative dispute resolution methods and effective communication strategies for financial disputes. Instructors emphasized negotiation techniques and the distinct roles of mediators, referral judges and legal representatives. Participants examined specific applications under the Recovery of Debts and Bankruptcy Act and SARFAESI Act frameworks. Course attendees praised the program's practical approach to streamlining debt recovery operations through consensus-building methods rather than traditional litigation processes.
