Best lawyers for Money Recovery in Bangalore
Money Recovery Suits for Commercial & Civil Cases
We assist businesses and individuals in pursuing rightful dues through diverse legal channels, including Commercial Courts, Arbitration Tribunals, and/or MSME Council.
Commercial Suit for Debt Recovery in Bangalore
We prefer approaching the Commercial Courts, which have been established in all the metropolitan cities since 2016 for speedy trial.
These courts are equipped with better legal frameworks and judges having know-how about commercial disputes, thereby reducing the time frame of litigation from 5 to 10 years in the traditional civil courts to 1.5 to 2 years approximately in the Commercial Court.
What is a commercial suit, and when should I consider filing one?
A commercial suit is a legal action filed in court to recover outstanding debts or resolve commercial disputes.
It would be best if you considered filing one when attempts at amicable settlement have failed, and you seek a legal remedy to enforce your claim.
What documents do I need to prepare for a commercial suit or arbitration?
You should gather all relevant documents, including contracts, invoices, communication records, and any evidence of the debt and transaction. These documents will be crucial in building your case.
Strategic Legal Representation for Commercial Recovery Cases
Our seasoned legal team is well-versed in devising and executing strategic commercial suits to pursue debt recovery. We meticulously analyse each case, tailor our approach to the circumstances, and leverage our advocacy skills to represent the client’s interests in court.
We aim to secure judgments speedily and assist in enforcing them efficiently, thereby ensuring the recovery of the money along with interest owed to the client.
Arbitration for Money Recovery and Commercial Dispute Resolution
We understand the significance of alternative dispute resolution mechanisms, especially in commercial disputes.
Our firm has a strong track record of representing clients in both ad hoc and institutional arbitration proceedings. We aim to resolve disputes swiftly, minimize costs, and secure favourable awards.
Assistance in Appointment of Arbitrator Before the High Court
We represent parties before the High Court for the appointment of an arbitrator in cases where the parties have agreed to amicably resolve disputes through Arbitration in an agreement between the parties.
MSME Money Recovery and Legal Support through Facilitation Council
We recognise the unique challenges faced by businesses in the MSME sector and offer specialised assistance in utilising the MSME Facilitation Council platform for expeditious recovery of dues.
Our experts are well-versed in the nuances of MSME-related legal procedures, enabling us to provide effective representation, negotiation, and advocacy on the client’s behalf, thus ensuring the recovery of their money along with interest in a time-bound manner.
What advantages does the MSME framework offer for money recovery?
The MSME framework provides a specialised platform for micro, small, and medium enterprises to expedite the recovery of dues along with a compound rate of interest. It is important to note that such a compound rate of interest can also be claimed before the Commercial Courts.
However, due to the COVID situation, MSME Facilitation Councils have received several complaints, and with no manpower to handle the same, cases are taking more than 1 to 1.5 years to even be initiated, thereby defeating the purpose of its establishment.
Are there any limitations on filing a case under the MSME framework?
Yes, the MSME framework has certain criteria based on the size and nature of the enterprise. Your business must meet these criteria, and the disputed amount should fall within the specified limits to avail of its benefits.
Legal Support for Cheque Bounce Cases under the Negotiable Instruments Act
Cheques are instruments that can never be replaced in the industry. Businesses accept cheques and provide goods/services, and it is a criminal act if the same is dishonoured.
We handle cheque bounce cases end to end and put our best efforts for speedy disposal since the district courts are generally held up with a huge backlog of cases and at time transfer of judges.