Debt Recovery and Insolvency Litigation

With experienced practice heads and specialized teams overseeing Debt Recovery and Insolvency Litigation practice, we are pioneers in the field handling litigation, resolution, liquidation, and enforcement action on end-to-end basis for individuals and corporates before Tribunals and Courts of competent jurisdiction.

Overview

Insolvency & Bankruptcy Law pertains to reorganization and insolvency resolution of companies, partnership firms, and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.

Debt Recovery Law pertains to debt recovery actions, including enforcement of security, stemming from defaults committed by corporate and individuals in repayment of borrowings before specialized Tribunals and Civil Courts.

Debt Recovery:

Requires adherence to procedural requirements and legal stipulations with respect to invoking personal/corporate guarantee, security enforcement action, filing of necessary applications before the Debt Recovery Tribunal and appellate forums.

Legal assistance is imperative to initiate recovery action based on incidence of stamp duty and determination of proper jurisdiction to pursue best possible course of action for recovery of debts and enforcement of security.

Our expertise includes tendering legal opinions and transaction advisory involving complex matrix of SARFAESI, 2002, Insolvency and Bankruptcy Code, 2016, Companies Act, 2013, including special enactments like Prevention of Money Laundering Act, 2002, and Negotiable Instruments Act, 1881.

• Debt Recovery
• Issuance of Notice under SARFAESI, 2002.
• Drafting and filing of Petitions and interim applications seeking reliefs against Principal Borrowers, Corporate/Personal
• Guarantors before the Debt Recovery Tribunal and appellate forums.
• Enforcement of security interest and guarantees, including extended assistance for taking physical possession of assets.
• Negotiating Settlement/Consent Terms between parties.
• Asset-tracing and Recovery Strategizing.