This video is about legal and practical solutions for recovery of dues arising out of business transactions. Most of the business run on credit and in the process sometimes a debt becomes a bad debt. Due to forgery or due to keeping business relations intact it becomes a herculean task for a business man to recover his bad debts.
In India, there are gamut of legal procedures for recovery of business dues. From Insolvency proceedings to arbitration, from Criminal procedure to Civil Suits there are plethora of options available for businesses in India. But due to complex and time-consuming legal procedures business men are weary of such procedures. So before getting into a legal suit what precautions should be taken or what should be a pre-litigation strategy for a business man?
Watch this video to have a broad explanation by Adv. Lalit Jain for all the questions relating to Recovery of Business Dues. @CVO Chartered & Cost Accountants Association