Recovery Process - Legal Action

• SARFAESI Act 2002 Recovery Mode
• D R T Recovery Mode
• OL Recovery Mode
• Hypothecations Act Recovery Mode
• Arbitration Act Recovery Mode

If negotiation fails or does not result in immediate recovery or a reasonable payment plan a strategy either under SARFAESI Act or otherwise as suitable to the client will be followed.

On receipt of the instructions for a legal action there will not be any delay in initiating such action having regard to the best available legal option.

Once in litigation, we routinely utilize pre-judgment remedies to gain leverage, over the Defendant-Debtor applications for provisional remedies, such as writs of attachment or possessions or motions for the appointment of a receiver and the requisites are often prepared, filed & served simultaneously with the summons and complaints. With our experience we have found that the judicious use of these remedies not only exerts sufficient pressure on Debtors to resolve these matters quickly.

We at “GOKUL Resolution Services Private Limited” do not depend much on the external attorney to handle the legal aspect of the recovery cycle as we have our own panel of Advocates. Our in-house legal capabilities and expertise ensure an effective incidence of success. We offer specialized legal recovery programs to our clients. In terms of legal costs there is absolute transparency and are incurred only on the express authority of our clients. A realistic assessment of costs is always provided.

The Legal Assistance includes

Filing & representing the appropriate civil &/or criminal proceedings against the debtor, as the case may be.

Pursuing the litigation & obtaining the orders from the appropriate judicial courts or quasi judicial authorities.