ADR, ODR, and AI-DR, or do we even need courts anymore?
In 2018 the Chief Justice of New South Wales (NSW) addressed the question of whether we even need courts anymore or ADR, ODR, AI-DR is sufficient. The discussion was divided into various parts like: Artificial
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Microguide to dispute settlement for banks
Disputes are an unfortunate but inevitable part of doing business, and the banking industry is no exception. Banks must be prepared to handle disputes that arise with customers, vendors, and other third parties. A well-crafted
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ODR in Digital Payments
In today’s digital age, online transactions and digital payments have become an integral part of our daily lives. However, with the increase in online transactions, disputes between buyers and sellers have also become more common.
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How legal tech is shaping the future of NBFCs
Legal technology for NBFCs, also known as “legal tech,” refers to the use of technology to improve and automate legal work. This includes document management and e-discovery to online legal research and contract review. In
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BNPL and its Impact on Loan Defaulting
What is BNPL? Buy Now Pay Later (BNPL) is a concept that was created many years ago, starting with shopkeepers in your local area. The shopkeepers will keep an account or a ledger entry for
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Tips for NBFCs to Track Defaulters’ Legal Notices
Understanding NBFC (Non-Banking Financial Companies) NBFCs are non-banking financial institutions that are not banks yet provide financial assistance and services. A Non-Banking Financial Company has many services that come under it; acquisition of bonds, debentures,
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What Lawyers can include in a Cheque Bounce Notice?
The cheque bounce notice is a legal notice sent by an advocate on behalf of his client to recover the unpaid amount of the cheque. It is served in accordance with Section 138 of the
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A Guide to Money Recovery from Debtors in India
If you have sold something to a customer or a client, and the payment is getting delayed, then it is time to act. You cannot resolve the matter without taking action that might put the
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