Debt Management
CFR amidst the other legal services has a proven reputation for achieving landmark results and breaking new legal grounds for its clients in recovering debts, including doubtful and bad debts of substantial magnitude, from hardcore defaulters. The Company takes pride in having a profound understanding of existing laws in India relating to debt recovery and formulating innovative tools, based upon intensive research for effecting a recovery of corporate debts, otherwise declared as dead-bad in the books of accounts. CFR is the flagship institution to innovate the concept of recovery of debts on behalf of leading Banks of the Middle East from their defaulters in India by initiating litigation under the extra-territorial jurisdiction of Indian Courts.
A few of such reasons are :The short limitation period for money suits under Indian Civil Law, Non executability of the decrees because of impracticable execution laws of India.
- Natural resistance from hard core defaulters after lapse of a certain period from the debt becoming enforceable,
- The traditional procedures involved in litigation and the resultant time span of adjudication thereof,
- The impracticableness of the ultimate result of the litigation and Lack of requisite resources in terms of research and innovation for effecting legal recovery with commercial viability.
Serving Clients
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