It is one of the largest Commercial Debt Collection network in India, having specialization in debt collection in the normal course or through legal means both within India or abroad. Our debt collection’s attorney are located in all part of India.
The debt recovery or collection business could be a comparatively new thought in India. Like several trendy tools, this business was additionally introduced to India. In India, debt recovery was never treated as a specialised job and was perpetually treated
It is one of the largest Commercial Debt Collection network in India, having specialization in debt collection in the normal course or through legal means both within India or abroad. Our debt collection attorneys are located in all parts of India.
Finlaw consultancy services includes seasoned and experienced debt collection consultants. Collecting debt is one of those skills where experience is the best teacher when it comes to collecting debt. Experience and proven performance are prerequisites for our
Business Debt Recovery
Consumer Debt Recovery
Commercial Debt Collection
In 1992, after the Harshad Mehta securities scandal — in which the broker used bank funds to rig up stocks — almost all banks faced a huge build-up of non-performing assets (NPAs). Various committees recommended that it is necessary to have separate tribunals for recovery of bank dues.
NEW DELHI: The finance ministry is looking to make debt recovery tribunals more accountable in an attempt to fast-track cases pertaining to loan recovery. Officials said the government could set up a panel headed by a Supreme Court judge to evaluate the performance of individual DRTs and hold them accountable for delays.
NEW DELHI: The government is finalising the contours of an ambitious project to introduce egovernance in debt recovery tribunals, which could help staterun banks recover a sizeable part of the Rs 3.7-lakh crore worth of bad loans.
NEW DELHI: The government is working on debt recast of state power distribution companies to improve the deteriorating financial health of the discoms that are also responsible for rising bad loans of public sector banks.