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  • Writer's pictureNLR Journal

Recovery Of Debts With And Without Intervention Of Courts/Tribunal

By Ajeet Kumar, Amity Law School, Patna.*



Abstract


A debt is the amount of money borrowed for a set period of time and must be repaid together with interest. The amount as well as the approval of the debt are determined by the borrower's creditworthiness. When a loan, such as a credit card amount, goes unpaid, the creditor hires a third party, known as a collection service, to focus on collecting the money. To recover his secured debt, the secured creditor may use one or more of the following methods:


a. Take control of the secured assets

b. Take over business management

 

* The author is in his 8th Semester and pursuing BA. LL.B. from Amity University, Patna.


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Journal Details
Abbreviation: NLR 

ISSN:   2582-8479 (O)

Year of Starting: 2020

Place: New Delhi, India

Accessibility: Open Access

Peer Reviewer: Double Blind

Licensing:

 

​All research articles published in NLR and are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution, and reproduction in any medium provided the original work is properly cited.

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