Over 1.71 lakh matters settled at 2nd National Lok Adalat in Delhi

May 12, 2024

As per the press release of DSLSA, a total of 360 Lok Adalat benches were constituted at seven district court complexes, whereas in Delhi...

Strengthening of debt recovery Tribunal and establishment of Addl Tribunal to speed up debt recovery: Centre

Jul 23, 2024

The Finance Minister proposed that an Integrated Technology Platform be set up to improve outcomes under the Insolvency and Bankruptcy Code (IBC), thereby ensuring...

Global debt crisis unlikely in near-term despite more defaults: S&P

Mar 11, 2021

Melbourne [Australia], March 11 : While the ratio of global debt-to-GDP is at a record high, continuing recovery of global economy will likely prevent...

Falling nationwide recovery rate: Kenstone Capital emerging as the new one-stop solution for debt collection needs

Mar 03, 2022

New Delhi [India], March 3 (ANI/SRV): With the latest reports showing a downward trend in the debt collection and recovery rate for the banks...

E-notice provision, other amendments to SARFAESI, DRTA in pipeline to streamline debt recovery

Mar 19, 2024

The Finance ministry has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for...

IL&FS ups aggregate debt recovery target to Rs 61,000 crore

Apr 15, 2021

Mumbai (Maharashtra) [India], Apr 15 : The new board and management of IL&FS as part of its quarterly update process on the progress of...