The debt recovery process entails a lender sending out reminders, collecting payments, and, if necessary, initiating legal action against the party that defaults. Disputes will inevitably arise regarding the legal side of debt recovery. However, due to the overwhelming number of cases that are already on the docket, the traditional legal strategy of having cases resolved in court does not…
Tag: Arbitration
Arbitration Law in India
Introduction Alternative Dispute Resolution (ADR) and litigation can be referred to as two peas in a pod in the world of law and justice. Though both the procedures share common goal i.e. resolution of disputes, the process to reach such a goal is very different. The dictionary meaning of the term ‘litigation’ is the process, act, procedure to describe the…