Learn about RBI guidelines on loan recovery: fair collection, harassment prevention, agent certification, lender accountability, and the recovery process.
Authored by Saurabh Nambiar and Subbaiah KG Sometime ago, during a regular conversation, an individual raised a straightforward yet important question:“Once I’ve submitted a claim or response on the ODR, how do I trust it wasn’t changed/tampered later?” In a physical courtroom, seals, signatures, and case files offer that assurance.…
Introduction Conciliation is a form of Alternative Dispute Resolution (ADR) Mechanism where a neutral third party, know as the conciliator, assists the disputing parties to reach a mutually acceptable resolution. In the process of conciliation, two key requirements emerge: Firstly, a genuine commitment from the involved parties to resolve the…
When businesses or individuals engaged in commercial activities encounter conflicts or disagreements, these are known as commercial disputes. Such disputes can stem from various facets of business transactions, contractual agreements, or commercial relationships. Here are several typical instances of commercial disputes: Breach of Contract: This involves disputes that arise when…