Ministry of Finance Invites Applications for Chairperson, DRAT Delhi: Eligibility, Tenure, and Selection Guidelines Notified
- REEDLAW
- Aug 1
- 2 min read
Updated: Aug 12
REEDLAW Legal News Network reports that the Ministry of Finance has issued a notification inviting applications for the post of Chairperson at the Debt Recovery Appellate Tribunal (DRAT), Delhi. The circular outlines eligibility criteria, tenure, and selection guidelines for the appointment.
The Ministry of Finance, Department of Financial Services, has issued a vacancy circular (No. 07/15/2025-DRT) announcing the selection process for the post of Chairperson at the Debts Recovery Appellate Tribunal (DRAT), Delhi. The appointment is governed by the provisions of the Recovery of Debts and Bankruptcy Act, 1993, and the Tribunal Reforms Act, 2021.
India currently has five DRATs, which function as appellate bodies over the Debts Recovery Tribunals (DRTs) for expeditious adjudication and recovery of debts due to banks and financial institutions.
Eligibility Criteria:
Applicants must meet the qualifications as per Rule 3(9) of the Tribunal (Conditions of Service) Rules, 2021. A candidate is eligible if he/she:
Is or has been a Judge of a High Court; or
Has served as a member of the Indian Legal Service for at least ten years with experience in litigation and held the position of Additional Secretary or an equivalent/higher post; or
Has served as Presiding Officer of a DRT for at least three years.
As per Section 3(1) of the Tribunal Reforms Act, 2021, candidates must have attained a minimum age of 50 years as on the last date for application submission. Re-appointment of former Chairpersons or Members of any Tribunal is permissible under the 2023 amendment to the Rules. Serving judges or members of organised services must resign or take voluntary retirement prior to assuming the post.
Tenure:
Under Section 5(i) of the Tribunal Reforms Act, 2021, the Chairperson shall hold office for four years or until reaching the age of 70 years, whichever is earlier.
Selection Procedure:
Applications will be scrutinised by the Search-Cum-Selection Committee constituted under the Tribunal Reforms Act, 2021. Evaluation will be merit-based, considering the qualifications and experience of candidates.
Application Process:
Eligible and willing officers are required to apply through the proper channel. The application must include:
Bio-data (Annexure-I)
Certification by employer (Annexure-II)
Photocopies of CR/APARs for the last five years (2019–2024)
Cadre clearance (for serving candidates)
Vigilance and integrity certificates (Annexure-III)
Statement on penalties, if any, over the past ten years
Applications must be sent in hard copy to the Under Secretary (DRT), Department of Financial Services, 3rd Floor, Jeevandeep Building, Sansad Marg, New Delhi – 110001, and should reach no later than 5:00 PM on or before 04.08.2025.
Incomplete applications or those received after the due date will not be considered. No TA/DA will be provided for the interaction/interview.
Reference:
Full details, including the official advertisement and application format, can be accessed at the Ministry’s official website: https://financialservices.gov.in/beta/en/vacancies
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