ICSI has requested the government to modify legislation allowing Company Secretaries to represent parties before DRTs, citing their expertise in insolvency matters.
ICSI Advocates for DRT Appearance Rights for Company Secretaries
The Institute of Company Secretaries of India (ICSI) has petitioned for amendments to the law that would enable Company Secretaries in Practice to appear before Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs). ICSI argues that their qualifications in corporate law make them adept at handling complex debt recovery matters.
This proposal reflects a broader trend in recognizing the role of Company Secretaries in corporate governance and insolvency matters, emphasizing that their statutory recognition would benefit the legal landscape dealing with corporate debts.
For practitioners, this push from ICSI is a pivotal development, indicating a potential future change that could expand the competency requirements in debt recovery cases and reshape how corporate legal representations are handled.
Citations
- ICSI Request (2026) ICSI 12
