Money Recovery
Updated on September 13, 2025 11:07:49 AM
Money Recovery Cases involve all the cases related to money and finance-related disputes. It includes filing suits for money recovery, and deal with cheque bounce-related matters as well.
A cheque bounce happens when the bank refuses to issue the amount mentioned in the cheque by the payer(account holder). The bank provides a memo with the reasons for declining the cheque.
Learn MoreA suit for the recovery of money is an effective and efficient way to recover a debt from the debtor. The civil remedy for money recovery is suing a money defaulter. It's the filing of a lawsuit in a court of competent jurisdiction.
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The Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) provides speedy redressal to lenders and borrowers through filing of Original Applications (OAs) in Debts Recovery Tribunals (DRTs) and appeals in Debts Recovery Appellate Tribunals (DRATs).
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