Debt Recovery in Mumbai
We are proud of our robust proficiency in Debt Recovery. The services we render, inter alia, include litigation before the Debt Recovery Tribunals (DRT) and Debt Recovery Appellate Tribunal (DRAT), avisory on legal and regulatory implications of transactions, Recovery suit and Cheque bounce cases.
Juristech Legal & Partners specializing in debt recovery law provides various services to individuals, businesses, and financial institutions to help recover outstanding debts or resolve disputes related to debt. Here are the key services provided by us:
Drafting Demand notices, Statutory notices, Debt settlement negotiations, Debt restructuring, Civil suits for recovery, Summary suits, Filing applications under IBC
Debt Recovery Tribunal (DRT) Cases
DRT petitions: Filing and pursuing cases before the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. Along with DRAT appeals, Challenging SARFAESI actions.
Cheque Bounce Cases
Section 138 cases : Filing complaints under Section 138 of the Negotiable Instruments Act in cases where a cheque issued by the debtor has bounced due to insufficient funds. Defense in cheque bounce cases: Representing debtors in defending against cheque bounce complaints or negotiating settlements to avoid criminal penalties.
Recovery of Corporate and Commercial Debts
Commercial debt recovery: Assisting companies and businesses in recovering debts from other businesses, including unpaid invoices, supplier dues, and breach of payment terms in commercial contracts.
Enforcing contractual remedies: Pursuing legal action for breach of contract and enforcing contractual remedies, such as damages or interest on delayed payments.
Insolvency and Bankruptcy Proceedings
Filing insolvency petitions : Initiating insolvency proceedings against defaulting debtors (companies) under the Insolvency and Bankruptcy Code (IBC), 2016.
Representation before NCLT:Representing financial and operational creditors in insolvency cases before the National Company Law Tribunal (NCLT). Debt resolution plans: Assisting in the formation and implementation of debt resolution plans during the corporate insolvency resolution process (CIRP)