Our Legal Debt Management & Collection is facilitated through the following methods:
Notices & Demands
Notice On Adverse Impact On Credit Rating With Credit Bureaus
Default Intimation Notice
Loan Recall Notice
Managing Entire Arbitration Proceedings From The Date Of Delinquency Till The Award Including:
Issue Of Demand Notice
Reference To Arbitrator
Conducting Arbitral Proceedings
LokAdalat For Amicable Settlement Of Claim
Mediation Under Commercial Courts Act
Enforcement Of Interim Awards U/S 17 Of Arbitration Act
Filing For Application For Enforcement In Court/S
Conducting Attachment Process
Insolvency & Bankruptcy Code
Issue Of Demand Notice
Filing Of Application Before Tribunals
Filing Of Claims Before Resolution Professionals
Initiation Of Liquidation Proceedings.
Proceedings Under Negotiable Instruments Act
Initiating Criminal Complaints
Services Of Summons
Execution Of Warrants
Conducting Conciliation Camps
Execution Of Awards And Decrees
Initiate And File Execution Application For Enforcement Of Final Award
Identify Borrower / Co-Borrowers / Guarantors, Moveable / Immoveable Properties Belonging To Them
Negotiate With Borrower For Settlement
Attach The Properties Through The Bailiff/Court
Conduct Process Of Sale Such As Valuation, Advertisement, Auction Etc
Taking All Possible Steps For The Recovery
Enforcement Of Securities
Initiating Application Before District Magistrate For Enforcement Of Securities Under SARFAESI.
Assistance For Taking Possession Of Assets
Identify Buyers To Secure Maximum Value Of The Assets
Conducting Sale Process
Follow Ups And Negotiations
Our legal debt management and approach:
We take a soft but firm approach for debt recovery without jeopardizing client's existing business relations with their debtor.
We focus on amicable and alternative solutions that save client's time and money.
We give dispute identification, notification and resolutions the highest priority.
We work closely with client to resolve disputes and issues.
We monitor the execution of solutions arrived at with extreme diligence.
We ensure professionalism while interacting with client and their debtor.
We appoint a dedicated client service representative to stay focused on the collection process.
Our legal debt collection strategies:
Include tracing and verifying the address and the current status of the Debtors, following up with them regularly and even arranging face to face discussions for an Amicable Settlement by following proven principles of negotiation. We do this by
Bringing Parties to the Negotiation Table.
Identifying the problems.
Developing Options for Settlements.
Ultimately reaching Agreement by getting written acknowledgement from the Debtor
Keep clients' relations intact.
Our Legal Debt Management process include
Advice on possible legal action and the expected outcome
Access to our legal networks including: lawyers, knowledge and expertise
Legal collection activities (Arbitration, court action and enforcement measures)
Accompanying you throughout the legal proceedings
Cost effective action due to preferential rates pre-negotiated with legal practices