Liasoning Services

Recovery of money

Collecting bad debts and outstanding receivables, or dealing with bounced cheques can cause distress. To help you recover your debt, SHS has a team of experienced debt collection attorneys and financial professionals who can provide tailor-made solutions to recover what is rightfully yours. The most common civil remedy for recovering money is Order 37 of the Civil Procedure Code, which allows a creditor to file a summary suit. … Another option is the Negotiable Instruments Act, 1881, which only deals with the recovery of money arising from instruments such as bills of exchange or cheques. One of the fastest and most economical ways of recovering money is to opt for an out-of-court settlement, such as arbitration or conciliation, provided that the other party is also willing to settle in this manner. If the matter is referred to an arbitrator,

 the latter hears both the parties and passes an award binding on both. The award can only be appealed on three grounds.