{"id":375,"date":"2025-09-09T08:37:58","date_gmt":"2025-09-09T08:37:58","guid":{"rendered":"https:\/\/rglegal.in\/?p=375"},"modified":"2025-09-24T07:15:11","modified_gmt":"2025-09-24T07:15:11","slug":"article-1","status":"publish","type":"post","link":"https:\/\/rglegal.in\/index.php\/2025\/09\/09\/article-1\/","title":{"rendered":"Modes of Recovery"},"content":{"rendered":"<style>.kb-row-layout-id375_5f0816-bb > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id375_5f0816-bb > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id375_5f0816-bb > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);max-width:var( --global-content-width, 1290px );padding-left:var(--global-content-edge-padding);padding-right:var(--global-content-edge-padding);padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-bottom:var(--global-kb-spacing-sm, 1.5rem);grid-template-columns:minmax(0, 1fr);}.kb-row-layout-id375_5f0816-bb > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id375_5f0816-bb > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){.kb-row-layout-id375_5f0816-bb > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id375_5f0816-bb alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top kb-theme-content-width\">\n<style>.kadence-column375_455c12-c9 > .kt-inside-inner-col,.kadence-column375_455c12-c9 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column375_455c12-c9 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column375_455c12-c9 > .kt-inside-inner-col{flex-direction:column;}.kadence-column375_455c12-c9 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column375_455c12-c9 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column375_455c12-c9{position:relative;}@media all and (max-width: 1024px){.kadence-column375_455c12-c9 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column375_455c12-c9 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column375_455c12-c9\"><div class=\"kt-inside-inner-col\"><style>.wp-block-kadence-advancedheading.kt-adv-heading375_74329c-0f, .wp-block-kadence-advancedheading.kt-adv-heading375_74329c-0f[data-kb-block=\"kb-adv-heading375_74329c-0f\"]{font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_74329c-0f mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_74329c-0f[data-kb-block=\"kb-adv-heading375_74329c-0f\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_74329c-0f img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_74329c-0f[data-kb-block=\"kb-adv-heading375_74329c-0f\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h2 class=\"kt-adv-heading375_74329c-0f wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_74329c-0f\"><strong>Modes of Recovery under Indian Law: A Comprehensive<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Overview<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The recovery of debts, dues, or damages remains a recurrent concern for individuals, businesses, and financial institutions. The Indianlegal system provides a multifaceted framework\u2014comprising civil, criminal, and statutory remedies\u2014that enables creditors to enforce their rights while also safeguarding debtors against arbitrary or oppressive measures.<br>This article outlines the principal modes of recovery under Indian law, with a particular focus on mechanisms most relevant to commercial practice.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_e6116f-8e, .wp-block-kadence-advancedheading.kt-adv-heading375_e6116f-8e[data-kb-block=\"kb-adv-heading375_e6116f-8e\"]{margin-top:0px;margin-bottom:10px;font-size:30px;font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_e6116f-8e mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_e6116f-8e[data-kb-block=\"kb-adv-heading375_e6116f-8e\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_e6116f-8e img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_e6116f-8e[data-kb-block=\"kb-adv-heading375_e6116f-8e\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_e6116f-8e wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_e6116f-8e\"><strong>1. Civil Remedies for Recovery<\/strong><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_869f1e-2d, .wp-block-kadence-advancedheading.kt-adv-heading375_869f1e-2d[data-kb-block=\"kb-adv-heading375_869f1e-2d\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_869f1e-2d mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_869f1e-2d[data-kb-block=\"kb-adv-heading375_869f1e-2d\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_869f1e-2d img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_869f1e-2d[data-kb-block=\"kb-adv-heading375_869f1e-2d\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_869f1e-2d wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_869f1e-2d\"><strong>a) Civil Suits under the CPC<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Money suits may be instituted under the Code of Civil Procedure, 1908 (CPC) before the court of competent jurisdiction. Once a decree is obtained, execution proceedings may be initiated under Order XXI CPC, enabling attachment of movable or immovable property, garnishee orders, or in limited cases, arrest and detention of the judgment debtor [1].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_e6965c-7b, .wp-block-kadence-advancedheading.kt-adv-heading375_e6965c-7b[data-kb-block=\"kb-adv-heading375_e6965c-7b\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_e6965c-7b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_e6965c-7b[data-kb-block=\"kb-adv-heading375_e6965c-7b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_e6965c-7b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_e6965c-7b[data-kb-block=\"kb-adv-heading375_e6965c-7b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_e6965c-7b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_e6965c-7b\"><strong>b) Summary Suits (Order XXXVII CPC)<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Summary suits under Order XXXVII CPC provide for speedy adjudication in cases arising from written contracts, bills of exchange, or promissory notes. The defendant cannot contest the claim as of right and must first obtain leave of the court to defend [2].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_f3e873-b0, .wp-block-kadence-advancedheading.kt-adv-heading375_f3e873-b0[data-kb-block=\"kb-adv-heading375_f3e873-b0\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_f3e873-b0 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_f3e873-b0[data-kb-block=\"kb-adv-heading375_f3e873-b0\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_f3e873-b0 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_f3e873-b0[data-kb-block=\"kb-adv-heading375_f3e873-b0\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_f3e873-b0 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_f3e873-b0\"><strong>c) Commercial Courts Act, 2015<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Commercial Courts Act, 2015 establishes dedicated courts and commercial divisions of High Courts to handle disputes of a \u2018commercial\u2019 nature, including recovery of debts above \u20b93 lakh [3]. The Act introduces strict timelines, mandatory pre-institution mediation, and case management hearings. Decrees passed by commercial courts are enforceable as civil decrees under the CPC, with the added benefit of efficiency and reduced delays.<strong>d) Arbitration Proceedings<\/strong> Where an arbitration agreement exists, disputes may be referred to arbitration under the Arbitration and Conciliation Act, 1996. Arbitral awards are enforceable in the same manner as civil court decrees under Section 36 of the Act [4].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_28fc89-d5, .wp-block-kadence-advancedheading.kt-adv-heading375_28fc89-d5[data-kb-block=\"kb-adv-heading375_28fc89-d5\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_28fc89-d5 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_28fc89-d5[data-kb-block=\"kb-adv-heading375_28fc89-d5\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_28fc89-d5 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_28fc89-d5[data-kb-block=\"kb-adv-heading375_28fc89-d5\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_28fc89-d5 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_28fc89-d5\"><strong>2. Criminal Remedies for Recovery<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although recovery is primarily a civil right, criminal proceedings may be invoked in cases involving fraud, dishonesty, or wilful default.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Dishonour of Cheques: <\/strong>Section 138 of the Negotiable Instruments Act, 1881 criminalizes dishonour of cheques due to insufficiency of funds, prescribing imprisonment up to two years or fine up to twice the cheque amount [5].<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Cheating and Criminal Breach of Trust: <\/strong>Sections 406 and 420 of the Indian Penal Code, 1860 (IPC) may be invoked in cases involving misappropriation of funds or fraudulent inducement [6].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_a228eb-2e, .wp-block-kadence-advancedheading.kt-adv-heading375_a228eb-2e[data-kb-block=\"kb-adv-heading375_a228eb-2e\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_a228eb-2e mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_a228eb-2e[data-kb-block=\"kb-adv-heading375_a228eb-2e\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_a228eb-2e img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_a228eb-2e[data-kb-block=\"kb-adv-heading375_a228eb-2e\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_a228eb-2e wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_a228eb-2e\"><strong>3. Statutory and Special Mechanisms<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Debt Recovery Tribunals (RDB Act, 1993): <\/strong>Established under the Recovery of Debts and Bankruptcy Act, 1993 (formerly RDB Act), DRTs enable banks and financial institutions to recover debts exceeding \u20b920 lakh [7].<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>SARFAESI Act, 2002: <\/strong>The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 empowers secured creditors to enforce security interests without court intervention, including taking possession of or auctioning secured assets [8].<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Insolvency and Bankruptcy Code, 2016 (IBC): <\/strong>The IBC provides a consolidated framework for insolvency resolution and liquidation of corporate debtors, partnerships, and individuals, under the supervision of the National Company Law Tribunal (NCLT) or DRT, with strict statutory timelines [9].<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Revenue Recovery Proceedings: <\/strong>Statutory dues such as taxes and levies may be recovered as arrears of land revenue under relevant state enactments [10].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_892e24-a2, .wp-block-kadence-advancedheading.kt-adv-heading375_892e24-a2[data-kb-block=\"kb-adv-heading375_892e24-a2\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_892e24-a2 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_892e24-a2[data-kb-block=\"kb-adv-heading375_892e24-a2\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_892e24-a2 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_892e24-a2[data-kb-block=\"kb-adv-heading375_892e24-a2\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_892e24-a2 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_892e24-a2\"><strong>4. Execution of Foreign Judgments and Awards<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Foreign judgments from reciprocating territories are enforceable in India under Sections 13 and 44A of the CPC [11]. Similarly, foreign arbitral awards are recognized and enforced under the Arbitration and Conciliation Act, 1996, in accordance with the New York Convention (1958) and the Geneva Convention (1927) [12].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_f9a938-9c, .wp-block-kadence-advancedheading.kt-adv-heading375_f9a938-9c[data-kb-block=\"kb-adv-heading375_f9a938-9c\"]{font-size:var(--global-kb-font-size-md, 1.25rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_f9a938-9c mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_f9a938-9c[data-kb-block=\"kb-adv-heading375_f9a938-9c\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_f9a938-9c img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_f9a938-9c[data-kb-block=\"kb-adv-heading375_f9a938-9c\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_f9a938-9c wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_f9a938-9c\"><strong>5. Alternative Dispute Resolution (ADR)<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mechanisms such as mediation, conciliation, and Lok Adalats provide cost-effective, non-adversarial methods of dispute resolution. Under the Commercial Courts Act, 2015, pre-institution mediation is mandatory in commercial disputes not requiring urgent interim relief, reinforcing ADR\u2019s role in recovery-related matters [13].<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_f5ea2f-f6, .wp-block-kadence-advancedheading.kt-adv-heading375_f5ea2f-f6[data-kb-block=\"kb-adv-heading375_f5ea2f-f6\"]{font-size:25px;font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_f5ea2f-f6 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_f5ea2f-f6[data-kb-block=\"kb-adv-heading375_f5ea2f-f6\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_f5ea2f-f6 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_f5ea2f-f6[data-kb-block=\"kb-adv-heading375_f5ea2f-f6\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_f5ea2f-f6 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_f5ea2f-f6\"><strong>Conclusion<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Indian legal framework provides a comprehensive spectrum of remedies for recovery\u2014ranging from civil suits and commercial litigation to arbitration, statutory tribunals, and insolvency proceedings. The selection of an appropriate mechanism depends on the nature of the debt, the jurisdictional forum, and the urgency of relief sought. A carefully considered choice of remedy can significantly enhance the efficiency and effectiveness of debt recovery proceedings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Authored by<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading375_d69024-fc, .wp-block-kadence-advancedheading.kt-adv-heading375_d69024-fc[data-kb-block=\"kb-adv-heading375_d69024-fc\"]{font-size:var(--global-kb-font-size-lg, 2rem);font-style:normal;color:#000000;}.wp-block-kadence-advancedheading.kt-adv-heading375_d69024-fc mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading375_d69024-fc[data-kb-block=\"kb-adv-heading375_d69024-fc\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading375_d69024-fc img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading375_d69024-fc[data-kb-block=\"kb-adv-heading375_d69024-fc\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading375_d69024-fc wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading375_d69024-fc\"><strong>Rahul Garg, Advocate<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(B.Com, LL.B, LL.M)<strong>References \/ Footnotes<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[1] Code of Civil Procedure, 1908, Order XXI \u2013 Execution of Decrees and Orders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[2] Code of Civil Procedure, 1908, Order XXXVII \u2013 Summary Procedure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[3] Commercial Courts Act, 2015, Sections 2(c), 3, 12A.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[4] Arbitration and Conciliation Act, 1996, Section 36.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[5] Negotiable Instruments Act, 1881, Section 138.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[6] Indian Penal Code, 1860, Sections 406, 420.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[7] Recovery of Debts and Bankruptcy Act, 1993, Sections 1 &amp; 17.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[8] Securitisation and Reconstruction of Financial Assets and Enforcement of Security<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interest Act, 2002, Sections 13 &amp; 14.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[9] Insolvency and Bankruptcy Code, 2016, Sections 6, 7, 9, 10.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[10] Revenue Recovery Act, 1890 (as applicable in various states).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[11] Code of Civil Procedure, 1908, Sections 13 &amp; 44A.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[12] Arbitration and Conciliation Act, 1996, Part II.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">[13] Commercial Courts Act, 2015, Section 12A (Pre-institution Mediation).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550\u2550<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Disclaimer:<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>This article is intended for general informational purposes only. It does not constitute legal<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>advice and does not create an attorney\u2013client relationship. Readers should seek professional<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>legal counsel before acting upon the information contained herein.<\/em><\/strong><\/p>\n<\/div><\/div>\n\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Modes of Recovery under Indian Law: A Comprehensive Overview The recovery of debts, dues, or damages remains a recurrent concern for individuals, businesses, and financial institutions. The Indianlegal system provides a multifaceted framework\u2014comprising civil, criminal, and statutory remedies\u2014that enables creditors to enforce their rights while also safeguarding debtors against arbitrary or oppressive measures.This article outlines&#8230;<\/p>\n","protected":false},"author":1,"featured_media":607,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"disable","_kad_post_title":"hide","_kad_post_layout":"fullwidth","_kad_post_sidebar_id":"","_kad_post_content_style":"unboxed","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/posts\/375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/comments?post=375"}],"version-history":[{"count":7,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/posts\/375\/revisions"}],"predecessor-version":[{"id":805,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/posts\/375\/revisions\/805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/media\/607"}],"wp:attachment":[{"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/media?parent=375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/categories?post=375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rglegal.in\/index.php\/wp-json\/wp\/v2\/tags?post=375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}