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Consult Top Debt Collection Expert Lawyer in India

Rahul Tyagi

Advocate
Exp
Gurgaon , Haryana

Specialization

  • Debt Collection
  • Corporate and Incorporation
  • Documentation
  • Consumer Protection
  • Civil
Corporate Law, Real State Law, Consumer protection Act, RWA , Matrimonial Law, NI Act-138 View Full Profile
Total Answers Given : 3
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Arvind Tripathi

Lawyer
Exp
Allahabad , Uttar Pradesh

Specialization

  • Civil
  • Criminal
  • Cheque Bounce
  • Divorce
  • Debt Collection
Mr. Arvind Tripathi, Advocate is an Advocate with 30 years of experience in Civil and Criminal matters. He specializes in Service and Bail matters. He runs a Law Firm by the name of Mimansa Law Firm which is very reputed firm in the whole of Uttar Pradesh. View Full Profile
Total Answers Given : 2
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UMESH SHARMA

Advocate
Exp
Shimla , Himachal Pradesh

Specialization

  • Banking
  • Civil
  • Cheque Bounce
  • Contracts and Agreements
  • Debt Collection

Sunil Kumar Singh

Lawyer,Attorney,Solicitor
Exp
Kanpur , Uttar Pradesh

Specialization

  • Contracts and Agreements
  • Commercial
  • Consumer Protection
  • Advertising
  • Debt Collection
Keen prominent, View Full Profile
Total Answers Given : 156
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ANIL KUMAR PC

ADVOCATE
Exp
Ernakulam , Kerala

Specialization

  • Debt Collection
  • Cyber, Internet, Information Technology
  • Banking
  • Cheque Bounce
  • Consumer Protection
'Standing counsel of a Government Company in the High Court of Kerala ,with proven efficiency to handle all types of Cases in High Court and other Courts. Able to handle any sort of cases to render justice to the clients.We are experts in Cyber and telecommunication laws View Full Profile
Total Answers Given : 10
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gunjan shah

Advocate
Exp
North 24 Parganas , West Bengal

Specialization

  • Divorce
  • Arbitration And Mediation
  • Adoption
  • Child Custody
  • Debt Collection
Practicing as an advocate/private attorney at the Hon’ble High Court, Calcutta, District Courts, Tribunals such as Land Administrative Tribunals, Central and State Administrative Tribunals and Forums including The Consumer Forums and dealing in Arbitration matters as representing counsel. View Full Profile

Yohan Grace

individual
Exp
Bangalore , Karnataka

Specialization

  • Debt Collection
  • Criminal
  • Civil
  • Consumer Protection
  • Cheque Bounce
I am practice in all the court of district and as well as in Highcourt. Handle all type of cases. Pref View Full Profile

Sudhanshu Audichya

Advocate
Exp
Surat , Gujarat

Specialization

  • Cheque Bounce
  • Banking
  • Contracts And Agreements
  • Child Custody
  • Debt Collection
Greetings, my name is Sudhanshu Audichya, and I am a practising advocate in Surat District enrolled with Gujarat Bar council. I pride myself on being detail-oriented, analytical, and driven. I understand that you are searching for a lawyer and I believe these qualities would benefit you. View Full Profile

RAJENDRAPRASAD PV PV

ADVOCATE
Exp
Hyderabad , Telangana

Specialization

  • Civil
  • Contracts And Agreements
  • Documentation
  • Equipment Finance And Leasing
  • Debt Collection
I AM A PRACTICING LAWYER/ADVOCATE AT HYDERABAD IN ORIGINAL AND APPELLATE COURTS INCLUDING HIGH COURT SINCE THE DATE OF ENROLLMENT AS SUCH ON 18-11-1983 IN THE ROLLS OF BAR COUNCIL OF AP WELL EXPERT IN REDRESSING ALL TYPES OF VARIOUS REMEDIES LEGALLY WITH LEGAL APPROACH View Full Profile

SRINIVAS PANDURI

ADVOCATE
Exp
Visakhapatnam , Andhra Pradesh

Specialization

  • Cheque Bounce
  • Bankruptcy And Debt
  • Child Custody
  • Civil
  • Debt Collection
Practicing as an Advocate at Visakhapatnam since 29 Years . And also I appointed as NOTARY by the Government. I deal with Civil & criminal cases/matters and mostly civil cases in nature of Property Disputes, Financial disputes, Family disputes, partition of property case ID Matters(Labor cases) etc View Full Profile
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  • 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

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