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Posted On : June 20, 2023
Harassment by Recovery Agents – Remedies By Law
Introduction In India, the use of loan recovery agents or debt collectors by financial institutions to recover outstanding du...
Posted On : December 27, 2022
Bankruptcy vs Insolvency: Are they Synonyms?
For commerce or law students, the terms bankruptcy law vs. insolvency law are quite intimidating. The difference between insolvency and liquidation is still understandable. But what is insolvency in the first place? Explore bankruptcy vs insolvency in the blog below with the help of tabular differentiation. Indian culture promotes today’s savings for the ‘rainy day’. On the contr...
Posted On : July 14, 2022
Insolvency Petition Procedure in India
The law requires everyone to pay their debts in time. But what if a person lacks any source of income and has comparatively big debts to pay? Does law become a savior in such a scenario? India has quite a few such examples of big names of business tycoons who led a kingly life while in India and had to flee overnight to other countries after being a financial defaulter. Not everyone can evade the ...
Posted On : May 27, 2022
What Happens if Personal Loan is Not Paid in India?
Wish to know the punishment for non payment of personal loan? Or due to lost job, unable to pay personal loan? Do you know wh...
Posted On : March 25, 2022
Understanding Bankruptcy and Insolvency Act
Have you heard about Abhimanyu of Mahabharata? He knew how to enter the Chakravyuh and how to compete as well. What he was not aware of was how to exit the Chakravyuh, and that is where his defeat was affirmed. The same used to happen with the corporate sector in the past few years. Provisions for entry in the corporate sector were eased through introduction of LPG (Liberalisation-Privatisation-Gl...
Posted On : March 17, 2022
Personal Guarantors: An Ambiguity in the Jurisdiction of NCLT and DRT under IBC
The problem of an increasing number of Non-performing Assets (NPAs) within the Indian banking industry has proven to be one of its most primary hindrance at the moment. To recover the amount of such defaults in an expeditious manner, the Indian Government established Debt Recovery Tribunals (DRT) under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act), and later ...
Posted On : June 16, 2021
Problem of NPA in Indian Economy
The most critical capacity of the monetary framework is the activation of the public investment funds and its allotment in va...
Posted On : February 18, 2021
Remedies against harassment by Recovery Agents
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. After that, she moved to the police, an...
Posted On : November 5, 2020
Qualities Of Lawyers In Delhi
Qualities of Lawyers in DelhiWhile choosing lawyers in Delhi, clients look for a firm or an individual who has potential to serve them in a qualitative manner and is well known for its expertise in various fields. Law firms or lawyers who are dedicated and provide efficient, commercially sound and result oriented solutions; are preferred by all. In Delhi, clients look for their ethical sense too. ...
Posted On : May 21, 2020
Cheque Bounce Notice
A cheque is a bill of exchange which is payable on demand. There are two parties in a transaction, the person who issues the ...
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