Monthly Archives: Dec 2015

Debt recovery laws-DRT Act and SARFAESI Act

Background After liberalisation of the Indian economy in 1991, Banks and Financial Institutions (FIs) have been experiencing considerable difficulties in recovering loans and enforcement of securities charged with them. The procedure for recovery of debts due to the banks and … Continue reading

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Power of Attorney

A power of attorney is a legal document by which one person (the principal) appoints another person to act as an agent on his or her behalf, thus conferring authority on the agent to perform certain acts or functions on behalf of the principal. Powers of attorney are routinely granted to allow the agent to take care of a variety of transactions for the principal. Continue reading

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Corporate Debt Restructuring (CDR) and Strategic Debt Restructuring Scheme (SDR)

Debt restructuring is a method used by companies to avoid default on existing debt by altering the terms and conditions of the existing debt or by reducing the burden of the debts on the company by decreasing the interest paid and increasing the time … Continue reading

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The blindfolded goddess of Justice

The lady of Justice, blindfolded, holding a sword in one hand and a balance in the other is one of the most well-known statues in the world. Although, this statue is not typically attributed to any sculptor, the fact that … Continue reading

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