IMPORTANT: We have team of Money Recovery Advocates India for all online legal advice and services. Please contact through our website.
Important services by Money Recovery Advocates India:
A team of expert money recovery Advocates India for debt collection and all types of money recoveries in India. Recovery of money in India through all types of legal proceedings at all levels with full confidence.
Money recovery advocates India for recovery of money from defaulters, creditors, partners, JV Consortium, distributors, agents, distributors and other defaulting trade parties for excellent results at all levels.
Debt collection services in India by a team of professional debt collection Advocates. Launching of legal proceedings such as money recovery suits, money recovery proceedings before courts, tribunals, and other bodies.
Money Recovery Advocates for recovery of money due against export orders, import orders and other international trade deals with precision and accurate results.
Online advice and online services for all types of money recovery services in India by an expert team of money recovery advocates India for excellent results.
An expert team of money recovery advocates India for recovery of money under International arbitration awards and other legal proceedings.
All legal services by a team of expert money recovery advocates India for all pre and post-charge-off collections of money.
Money recovery notice and debt recovery notice by expert money recovery advocates India.
A good team of expert money recovery advocates in India for defending and launching proceedings before NCELT, DRT, DRAT, and other such bodies.
Highly qualified and expert money recovery advocates India for launching proceedings for execution of attachment of property for recovery of money in India and all other related services.
A team of highly qualified and professional money recovery advocates India for recovering all types of money due to a breach of commercial contracts, export orders, business advances, loans, corporate investments.
Specialized services by team of expert money recovery advocates in India for recovery of money due to breach of agreements.
Money recovery services in India against import consignments, the sale of goods, the supply of goods, investments and all other types of business transactions.
PROCESS OF MONEY RECOVERY IN INDIAN LEGAL SYSTEM:
Under the Indian legal system, the process of recovery of money is done through the filing of civil suits for recovery of money from the other party. In case of a clear instrument such as cheque, promissory note, credit note etc, the remedy for recovery of money is provided under Order 37 of Code of Civil Procedure. It mandates that the claimant party will approach the court and the court will issue a limited notice to the other party and issue a decree for recovery of the money if any substantial ground is not shown by the other party. The said remedy is an effective and quick remedy which is the most common and effective process of recovery of money in India through court.
In the absence of any instrument, the other remedy available to any person for recovery of money in India is to file a civil suit for recovery. The court issues notice to the other party and after adjudication of the civil suit issues a decree of recovery which is again executed in the courts. This remedy of recovery of money in India is a complicated and lengthy process which involves establishing the claim for the money by the person claiming the amount and adjudication of various associated issues.
In the case of an arbitration agreement, the proceedings are launched for arbitration in terms of the agreement and the award is binding on both the parties.
In the case of cheque issued by the creditor, the proceedings under Section 138 of the Negotiable Instruments Act are launched. These proceedings are criminal proceedings and the creditor party is made to face criminal proceedings leading to his criminal conviction in case he fails to pay the amount.
Besides the above-said remedies for recovery of money in India in the case of cheating, criminal misappropriation of the money or valuable security, the police and other law enforcing agencies have the right to take action against the person involved and recover the amount.
We have a team of highly expert and qualified Money Recovery Advocates India for all services under one roof. Feel free to give us all the details.