Supreme Court: Balance-sheet entries can acknowledge debt and extend limitation period
The Supreme Court has ruled that entries in a debtor's balance sheets can constitute an acknowledgement of liability under Section 18 of the Limitation Act, 196…
Debt Recovery: Legal News & Updates
Articles, case updates and legal news tagged "Debt Recovery".
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Resolution in name, recovery in fact: The operational creditor and Section 9
The article examines the challenges faced by operational creditors under Section 9 of the Insolvency and Bankruptcy Code, 2016, where insolvency proceedings may…
Supreme Court: Banks & NBFCs Cannot Forcefully Repossess Vehicles
The Supreme Court has ruled that banks and NBFCs cannot forcibly repossess vehicles from loan defaulters through recovery agents, force, or intimidation. The Co…
Rethinking Section 11 Of SARFAESI Act: Is Statutory Arbitration Limited To Secured Creditors?
A recent Bombay High Court ruling has reignited debate on the scope of Section 11 of the SARFAESI Act. The judgment suggests that statutory arbitration may not …