Debt collection law india

Whether you seek to collect a debt, or you owe a debt and are seeking the best to pay or settle the amount, a debt collection attorney will offer sound advice and counsel.

Our legal professionals will help determine the best course of action for repayment, and may even be able to reach a settlement of financial relief. Ultimately, you can rest assured that our attorney will protect you under applicable laws, ensuring you're never harassed or mistreated based on owing a debt.

Our lawyers and attorneys have filed numerous huge money recovery/debt collection suit before the district court and high court on behalf of individuals, Companies and financial institution to recover there debt etc. We use to file the recovery suit on the following 2 modes**:

If this too fails, either by way of the debtor not responding or refusing to make the payments, it may be necessary to institute legal proceedings against the debtor. Relevant papers in one’s possession that are related to the amount due (debt)debt or any documents of a similar sort including a copy of the correspondence between oneself and the debtor should be kept.

The limitation period for filing a civil recovery suit in India is 3 years. After that the claim is barred by time. It is imperative to decide which Court of law one should file their suit for recovery. In India, according to the Civil Procedure Jurisdiction, the pecuniary or monetary jurisdiction of the Courts depends on the state in which the cause of action arises. The pecuniary jurisdiction of the Court divides the Court on a vertical basis, which means that depending on the valuation of the suit filed, there are different levels of Courts with different monetary jurisdictions, and the suit will have to be instituted in the Court which has the required jurisdiction.

For example, the pecuniary jurisdiction of the Courts in Delhi areas follows:

P & V Legal Service Firm in Delhi, India