Menu
keyboard_backspace
Consult and get Expert Advice on Debt Collection Laws matters from the best Debt Collection Lawyers in India. Let us know your requirement we will help you to find the best Lawyer suited for your matter within your budget.

Consult Top Debt Collection Expert Lawyer in India

Not Sure Whom to Consult ?
We will help you to find the best lawyer as per your budget !
Post Your Matter to explore various options.
Need a Lawyer for Your Case ?
Get the best Lawyer
for your Case
  • What are the laws on debt recovery?
  • How do one pay off debt in collections?
  • How long can a debt be collected?
  • What are the main features of debt recovery laws?
  • How to respond to a summon of debt collection?

In 2016, Prakash Sarvankar who used to live in Mumbai committed suicide accusing for his death a recovery agent. Instances like these indicated the terror of recovery agents. Hence laws were made to regulate this aspect of the society.

Some of the governing laws in this topic are:


  • Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016
  • Recovery of Debts due to Banks and Financial Institutions Act, 1993
  • Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)

Some features of Debt-Recovery Laws:


  • Debt Recovery Tribunals in case the defaulter is a company order for the sale proceeds to be distributed amongst creditors
  • Debt Recovery Tribunals are not bound by the Code of Civil Procedure 1908, they’re guided by principles of natural justice.
  • As per Rule 4 of the Debts Recovery Tribunal (Procedure) Rules, 1993; an application filed must set forth concisely under distinct heads, the grounds for such application and such grounds shall be numbered consecutively and shall be typed in double space on one side of the paper.

If banks still employ an illegal assault oriented method of recovering their money, then, informing the police is of importance. In the event that you get intimidating calls, contact the police and let the bank know that you are informing about the issue to the Police. Gripe sharply to the bank. Debilitate suit if require be. Keep an audio recorder prepared to avoid potential risk against additionally calls.

In the discussion, attempt to get the recovery agent to unmistakably say what he needs from you, the name of his organization and which bank has procured him.

On the off chance that the goons visit you, document an objection at the closest police station. Take photos of the individual who has gone to your home and present these to the police.

You can sue the bank exclusively, or approach a Consumer Action Group, some of which are recorded below :

  • Abhay Credit Counselling Centre (Bank of India): www.bankofindia.com/ home/abhay.asp
  • Disha Credit Counselling Centre (ICICI Bank): www.dishafc.org
  • International Consumer Rights Protection Council (ICRPC): www.icrpc.org
  • National Consumer toll free helpline: 1600-11-4000
  • Consumer Education Research Centre (CERC): www.cercindia.org
  • Citizen Consumer and Civic Action Group (CAG): www.cag.org.in
  • Consumer Guidance Society of India (CGCI): www.cgsiindia.org
  • Voluntary Organisation in Interest of Consumer Education: www.consumer-voice.org
  • Consumer Advantage: www.advantageconsumer.com

Request a Callback for Legal Help


In case you want us to call you back to understand your legal problem then please submit your details with a brief description of the legal issue that you have. We will call you back.

Name must be provided !

Email must be provided !

Invalid Phone Number !

Details must be provided !

Want a Quick Legal Advice From Expert Lawyer
Call us at the Toll Free number for Legal Help at an affordable price
1800-120-3313
Legal Advice Anytime Anywhere

The most trusted and relied upon partner for hiring lawyers for any kind of legal services.

Not Sure Whom to Consult ?
We will help you to find the best lawyer as per your budget !
Post Your Matter to explore various options.
Need a Lawyer for Your Case ?
Get the best Lawyer
for your Case
Client Testimonials

Top Responding Lawyers
on Debt Collection Laws

Kishan Dutt Kalaskar Retired Judge
Experience: 32 Year(s)
Retired Judge
Bangalore
Ambrose Leo
Experience: 8 Year(s)
Adv.Ambrose Leo Associates & Legal Consultants
Bangalore
Vedant Lakhotia
Experience: 2 Year(s)
Legal Counsel
Kolkata
Deepak Bade
Experience: 8 Year(s)
Lawyer and legal associate
Nanded
Abhimanyu Shandilya
Experience: 13 Year(s)
Advocate and Legal Counsel
Kolkata
Ashish Dongre
Experience: 11 Year(s)
Advocate
Mumbai City
Prabhakara S K Shetty
Experience: 18 Year(s)
Advocate
Bangalore
ROBERT D ROZARIO
Experience: 14 Year(s)
Advocate High Court
Kolkata
NILANJAN CHATTERJEE
Experience: 4 Year(s)
ADVOCATE
Howrah
Nirmal Chopra
Experience: 19 Year(s)
Dr
New Delhi
niranjan e
Experience: 6 Year(s)
LAWYER
Bangalore
GANESH SHARMA
Experience: 2 Year(s)
Criminal Lawyer
Faridabad
Manjula Shanmugasundaram
Experience: 17 Year(s)
Advocate
Chennai
Rajender Prasad
Experience: 4 Year(s)
Lawyer
New Delhi
Rajeev RJ
Experience: 16 Year(s)
Advocate
Thiruvananthapuram
T B L Murthy
Experience: 4 Year(s)
Practicing Lawyer
South West Delhi
Rameshwar Dadhe
Experience: 1 Year(s)
As a advocate
Aurangabad
Vishwabandhu
Experience: 37 Year(s)
SENIOR LAWYER
Jabalpur
ARPIT BATRA
Experience: 10 Year(s)
Attorney
South Delhi
Pankaj Kumar & Co.
Experience: 8 Year(s)
Advocate
North Delhi
Johnson Thangiah
Experience: 17 Year(s)
Advocate / Trial Advocate
Tirunelveli
Deepak Panjwani
Experience: 18 Year(s)
Advocate
Jabalpur
Vimlesh Mishra
Experience: 25 Year(s)
Advocate High Court
Lucknow
Mohd Imran
Experience: 3 Year(s)
Advocate
Faridabad
Sushama
Experience: 4 Year(s)
advocate
Nagpur