How Legodesk can streamline the legal workflow of FinTech firms?

Legal technology is reshaping the FinTech industry and the way businesses engage with their clientele. Financial institutions are “the” early adopters of all new technology that enter the market, adopting and using the finest of

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What is the revenue recovery act and what is it for?

Revenue Recovery falls under the Schedule VII of the state list. The phrase “revenue recovery” means the realization of sales tax arrears from the defaulter dealers under the Revenue Recovery Act. In this article, we

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SARFAESI ACT, 2002- Applicability, Objectives, Process, Documentation

(The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) The SARFAESI Act 2002 became law on 22nd June 2002, and it regulates the securitization and reconstruction of financial assets, as well as

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10 Ways To Make Debt Recovery Easier!

We know how difficult it is to try and recover debts from people who do not seem willing or able. Clients and consumers get late in their accounts for a variety of reasons. Clients can

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Future of Online Dispute Resolution System for Digital Payments

“A scheme of retail payments in offline mode using cards and mobile devices, and a system of on online dispute resolution system for digital payments will also be introduced,” said RBI governor Shaktikanta Das Richard

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Why do NBFC Companies need legal case management software?

Legal case management systems are created to assist banks and financial institutions with their recovery procedures by automating them and providing smooth access to the legal information regarding borrowers, NPA accounts, bank recovery, and so

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What are the powers of the debt recovery tribunal?

The Recovery of Debts and Bankruptcy Act (RDB Act), 1993 came into force on the 24th day of June 1993. It has established The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) to

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Loan recovery made easy with legal platforms

As we all know, loan disbursement is merely the beginning of a hopeful payback period during which a lender intends to recover some payment. However, if this period is not closely managed, it can have

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