Recovery by banks and financial institutions is done under the DRT Act and SARFAESI Act. The corporates/business/individuals recover the outstanding dues/payments by filing the recovery suit under Order 37 of Civil Procedure Code also known as summary suit. Sabkuch Legal has a team of empaneled outstanding lawyers with vast experience in filing/contesting recovery cases.
The benefits of commencing recovery cases are:
What is recovery?
Recovery refers to the collection of outstanding dues.
What is the difference between debt recovery and debt collection?
Debt collection is done by creditor itself whereas debt recovery is done by a third party agency appointed by the creditor.
What is the primary benefit of a recovery case?
Recovery case helps in quicker recovery of money.
How long does Sabkuch Legal take to commence a recovery case?
We try our best to prepare and dispatch recovery notice in the shortest possible time.