Debt Recovery

Are you tired of chasing unpaid debts and searching for an efficient way to retrieve what’s rightfully yours? Look no further – LegalVision’s dedicated team of debt recovery lawyers is here to provide you with legal assistance in reclaiming your outstanding debts, whether they are owed by customers, suppliers, or other businesses.

At LegalVision, we understand the importance of timely debt recovery for your business’ finances. Our comprehensive debt recovery service offers you a quick and hassle-free approach to collecting the money you are owed while maximising your chances of successful recovery. Say goodbye to the stress and uncertainty surrounding outstanding amounts and unpaid invoices, as our team will take care of the entire debt recovery process from start to finish.

Rest assured, our experienced professionals possess the necessary expertise to handle every step of the debt recovery journey on your behalf. From initiating the demand process to enforcing payment, we’ve got you covered. You can trust us to employ effective legal strategies and negotiation techniques to ensure the best possible outcome for your debt recovery efforts.

Don’t let unpaid debts hinder your business’ growth and financial stability any longer. LegalVision is here to provide you with the reliable and cost-effective debt recovery solution you’ve been searching for. Contact us today and let us help you reclaim what’s rightfully yours

 Debt recovery Tribunal (DRT) is established to facilitate the debt recovery of banks & the financial institutions with their clients. DRT is established after passing the recovery of debts due to Banking & Financial Institutions Act (RDBBFI) ,1993. Presently about 33 DRTs are functioning at various part of country.Ours is working at Panampally Nagar for Kerala and Lakshadheep.

 It generally deals with dispute loans about 10 Lakh Rupees. Recently, in 2014, New 6 more DRTs has been established for loan related dispute settlement.

Appeals against DRTs orders are being heard before Debt Recovery Appellant Tribunals (DRAT).
 

• Notice to the employer for terminating employees wrongfully, unpaid salary, violation of rights of the employees by the employer etc.

• Notice to any employee for violation of the HR policies, committing sexual harassment at workplace, leaving the job without dropping the resignation letter, violation of any provision of the employment agreement etc.

• Notice to a company manufacturing or providing service of contaminated/low standard products, negligent services, fraudulent advertisement etc.

• Notice in the case of cheque bounce to the issuer of the cheque.

• Notice regarding personal conflicts for instance divorce, maintenance, child custody, division of maternal property etc.