What Should I Do If I’m Facing a Debt Recovery Issue in India? πΈ⚖️ “Sir, I’ve been trying to recover payments from a client, but they’re not responding. What legal steps can I take to recover my debt in India?” ππΌ Dealing with unpaid debts can be frustrating and exhausting. But don't worry, the law provides a framework for recovering money owed to you. Let’s explore how you can take action and protect your business’s financial interests. πͺπ° π Short Answer : In India, the law offers several ways to recover debts. You can first try negotiation or mediation , then escalate to legal notices and, if needed, pursue civil suits or debt recovery tribunals . The Debt Recovery Tribunal (DRT) is a specialised forum for speedy recovery of debts. ⚖️ #DebtRecoveryIndia #BusinessDebtIndia #LegalRecoveryIndia #DebtRecoveryProcessIndia #CivilSuitIndia #DebtCollectionIndia π Steps to Recover Your Debt : ✅ Send a Legal Notice : The first step is sending a legal notice to the debt...
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