Banking and Insolovency Laws
The commercial landscape of India has been changing, especially after the passing of Insolvency & Bankruptcy Code, 2016 which has given an effective tool in the hands of people/entities who are seeking to recover their genuine business dues, which is not being paid by unscrupulous companies/entities.
1. NCLT and NCLAT
IBC is the new law which has helped in streamlining the payments system in modern business in India as any nonpayment by any company may result in swift closure of its business. Also, the proceedings in the tribunals designated for IBC proceedings i.e., NCLT and NCLAT run in very fast, efficient and effective manner and hence, people/entities who want their dues to be paid by their debtors are approaching those.
We at, JURIDIX, have a dedicated team to handle the cases of our clients who wish to pursue the mode of IBC proceedings and we help them out in getting their money back by providing them complete help from sending of mandatory notice to the stage of final orders as well as defend those who have been unfairly targeted at the hands of dishonest creditors and want to harass them by taking them to IBC when their dispute is not even covered under IBC.
2. DRT and DRAT
In DRT, disputes relating to bank loans above the value of Rs. 10 lacs are adjudicated which are faced/pursued by Bonafede purchasers, guarantors and borrowers.
We at, JURIDIX, have a dedicated team to handle those cases of our clients facing/pursuing these DRT proceedings and take those proceedings to their best possible conclusion which is most favourable to our clients and save them from the undue harassment at the hands of errant bank officials. In case, DRT order is not in their Favor we also handle appeals against the same in DRAT.