Tag: Debt Resolution

Explore the pros, cons, legal safeguards, and credit impact of One-Time Settlement (OTS) in India. Learn when to opt and how to negotiate effectively.

In the global landscape of recovery practices, each chapter tells a story of both victory and adversity. Despite India’s flourishing economy and ambitious strides, it still struggles to maintain a fair balance between the human rights of borrowers and the interests of lenders.

Lawyer Panel becomes India’s largest dispute resolution platform, aiding 30,000+ individuals and resolving ₹1700 crore in debt through expert counselling and legal support.

Loan settlement helps borrowers resolve debt for a reduced amount. Despite misconceptions, it’s a strategic option that prevents defaults, minimizes financial strain, and aids recovery.

In recent years, loan settlements have become increasingly intricate, often involving multifaceted legal and financial considerations. As more borrowers face financial distress, legal advocates have emerged as essential partners in navigating this process.

Lenders are increasingly including clauses in loan agreements that mandate Online Dispute Resolution (ODR) for any disputes arising between them and the borrower. While ODR offers a faster and potentially cheaper alternative to traditional court cases, these clauses often come with a twist: the option of a sole arbitrator chosen by the lender. This raises concerns about fairness and transparency in dispute resolution for borrowers.