A bounced cheque is more than an inconvenience; it’s a direct threat to your business’s cash flow and stability. Under India’s Negotiable Instruments Act, 1881, a cheque bounce is a criminal offense. Section 138 provides a powerful legal remedy for businesses to recover their rightful dues. This guide explains the process, potential pitfalls, for mastering […]
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Table of Contents: Understanding Payment Recovery in India Payment recovery against defaulters in India involves a structured legal process to reclaim overdue payments from individuals or companies. This can range from sending a formal legal notice to initiating civil suits, insolvency proceedings, or arbitration, depending on the specifics of the case. The primary goal is
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Table of Contents 1. Arbitration for Debt Recovery: A Comprehensive Guide to Getting Paid Last Updated: September 6, 2025 Arbitration for debt recovery is a private, out-of-court process where a neutral third party (an arbitrator) resolves a payment dispute. The arbitrator’s decision, known as an ‘award,’ is legally binding and enforceable like a court decree.
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MSME Payment Recovery Legal Services: A Guide Last Updated: September 12, 2025 Table of Contents: Understanding MSME Payment Recovery MSME payment recovery is the legal process through which Micro, Small, and Medium Enterprises (MSMEs) can reclaim overdue payments from their buyers. The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, provides a robust framework
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For a foreign national or company seeking to recover debt from an Indian company, the process involves navigating India’s legal framework through specific courts, tribunals, or arbitration. This can range from out-of-court settlements and mediation to full-fledged litigation under the Commercial Courts Act, the Insolvency and Bankruptcy Code, or arbitration proceedings, depending on the nature
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