I'm interested in understanding the process of debt collection in India, from initial attempts at out-of-court settlements to legal action and enforcement of judgments. What are the main regulations governing debt recovery, such as the SARFAESI Act or the Indian Contract Act? How are debt collection agencies regulated, and what rights do debtors have to protect themselves from harassment? Additionally, how can international creditors enforce judgments in India, and what are the challenges related to cross-border debt recovery in this jurisdiction?
I'm interested in understanding the process of debt collection in India, from initial attempts at out-of-court settlements to legal action and enforcement of judgments. What are the main regulations governing debt recovery, such as the SARFAESI Act or the Indian Contract Act? How are debt collection agencies regulated, and what rights do debtors have to protect themselves from harassment? Additionally, how can international creditors enforce judgments in India, and what are the challenges related to cross-border debt recovery in this jurisdiction?