Unpaid debts and defaults on financial obligations can cause significant disruption to businesses and individuals, and effective recovery often requires navigating a combination of civil courts, specialised tribunals, and statutory mechanisms. India’s debt recovery framework, including the Recovery of Debts and Bankruptcy Act, the SARFAESI Act, and the civil courts, provides multiple avenues for creditors pursuing recovery, each with its own procedural requirements and timelines.Â
At DNP Advocates and Solicitors, we represent creditors and debtors in debt recovery proceedings across these forums.
Our Debt Recovery Laws practice covers proceedings before the Debt Recovery Tribunal and Debt Recovery Appellate Tribunal, enforcement actions under the SARFAESI Act, and civil suits for money recovery before District Courts and the High Court. We represent financial institutions, businesses, and individuals on both sides of recovery proceedings, advising on the most appropriate mechanism for a given situation. DNP’s approach is practical and outcome-focused, balancing the cost of recovery proceedings against the amount at stake and the realistic prospects of each route.
Our Services Include
Why DNP
Our team is familiar with the procedural requirements of the Debt Recovery Tribunal and civil courts, and we assist clients in presenting their recovery or defence case clearly and efficiently. We advise creditors on the choice of recovery mechanism, the strength of their documentation, and the realistic prospects of recovery before proceedings are commenced.