Debt Recovery

Debt Recovery

If you are in business of selling products or services, then you must have had the unfortunate experience of an unrecovered debt. Debtors often ignore your invoices, promise to pay but fail to deliver or simply disappear to anot her address. Debt recovery process has become a nightmar e for many business entities.

We assist clients in quick recovery of your money and offer Debt Recovery solutions which are result oriented.

The firm assist and advises on:

  • Instituting ordinary recovery suits in cases where there is no contract or agreement.
  • Instituting summery suit (under Order XXXVII of C.P.C). for recovery of money /debt in the cases where there is any written contract, dishonored cheque, bill of exchange, hundies and promissory notes. This method is very effective and fast procedure for recovery of the debt.
  • Filing applications before Debt Recovery Institutions.
  • Action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002
  • Arbitration proceedings.
  • Initiation of criminal action where debt is tainted with fraud, cheating or other criminal act.
  • Filing of criminal complaint for cheque bounce.