Arbitration is considerably a new concept in India which was introduced to curtail three major setbacks in present litigation through our judicial system i.e cost, time and techinicality. Arbitration has proved to be the best recourse specially in commercial transactions as it provides for a low cost, time efficient remedy to the litigating parties without getting into serious techinicalties of procedures. VIKRANT SABNE & ASSOCIATES is a law firm expert in arbitration law, fully dedicated to exert arbitration and arbitration related litigation.
India had passed Arbitration and Conciliation Act (Act No. 26 of 1996) which treats alternate dispute resolution on a different footing than the local dispute resolution. The Act also provides for the adequate scope for Mediation and Conciliation. The firm is into exclusive arbitration practice covering various disciplines of Banking & commercial arbitration in India. The Firm’s associates are renowned arbitration lawyers with domain expertise in handling issues arising out of Banking and other commercial contracts etc., the firm and its associates have experience and expertise in handling complex arbitrations involving multi jurisdictions before various arbitral institutions. The firm also has handled various high value arbitration matters and related litigation before various arbitral tribunals. Arbitrations include the following:
Achievements: We take pride in the fact of successfully handelling of more than 25,000 Comercial Arbitrations.
For any country to grow and sustain it is very important to have a smooth economy, commercial transactions go hand in hand with a possibility of default of obligation by either of the parties. The best and most common example of the same bing Dishonour of cheque issued against a legal debt. Our Firm deals with various cases relating to Cheque Bounce under Section 138 of Negotiable Instruments Act which acts as a protection law and provides way for the individuals and Banks to fight back against the fraudulent acts of a party and recover banks dues / reconstruct bad debts into good debts.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (known as the SARFAESI Act) . It allows banks and other financial creditors under licence to take possession and conduct auction of residential or commercial properties (of Defaulter) to recover loans .
Under this act secured creditors (banks or financial institutions) have many right for enforcement of security interest under section 13 of SARFAESI Act, 2002. If borrower of financial assistance makes any default in repayment of loan or any installment and his account is classified as Non performing Asset by secured creditor.
The Firm has played a pivotal role in deployment of securitization law . The Firm represents clients before the Debt Recovery Tribunal, Debt Recovery Appellate Tribunal and the Chief Metropolitan Magistrate for enforcement of their rights as secured creditors.
We also have a complete independent team for assisting the Court Commissioner in taking the physical possession of the secured asset.
We as a firm have assisted several secured creditors in:
A recovery of money suit is a civil suit filed by an individual / bank / company for the recovery of their unpaid bills, business dues, loan repayments or any other monetary dues arising out of any form of written contract/agreement formed between the parties. If there are any written agreements/contracts between the parties then either party is liable to file a summary suit under order XXXVII Civil Procedure Code. In such a suit the debtor has little to no scope of doing a bad debt or not clearing the debt due to the party. Delayed proceedings in this case are few and vary from matter to matter.
In a growing trade and economy, as a closely held business grows, one cannot function without legal support and team work. What initially may appear to be simple, straightforward, the business may soon find itself being confronted with a host of issues pertaining to ownership, control, employment laws and compensation and thus as the business develops, the unforeseen and unexpected cannot be ruled out.
The Firm has access to resources and also engages external consultants on a need basis to provide expert financial/ tax guidance, business valuations that aid in implementing the most complex decisions.
Family as an institution is the strongest thread in the fabric of Indian Society and the same is required to be protected at all costs however family issues are delicate and are require to be handelled with atmost humility and compassion. On one side the matters involve the basic and fundamental rights of the individual and at the same time on the other side it can also be protection of an individual from unreasoned partner with greed. Our team full of proficient and competent lawyers provides assistance in not only the litigation part but have also played a role in bringing the litigating parties to a settelment.
In order to keep up with the demand for addressing the legal challenges concerning various areas including corporate, civil, criminal, commercial matters, Vikrant Sabne & Associates law firm has set up its legal advisory panel. We are a law firm offering legal advisory services having seasoned experience in handling all legal matters.
Leveraging years of rich legal experience, our firm boasts a panel of dedicated solicitors that have a proven track record of handling all cases in the best possible way from entrepreneurs to family disputes.
All our legal advice are underpinned by comprehensive knowledge in all areas and we offer practical solutions that meet your legal needs. From small business to multinational firms, our clients rely on our hands-on experiences and we always keep our clients in the loop regarding the risks that would arise from the legal matter.
Practice of Medicine is no longer restricted to your expertise in diagnosis and treatment, today with several compliance mandatory, a medical practitioner is not far away from legal prosecution here at VSA we have sucessfuly represented Doctors before the Medical Council.We have been pioneers in providing cutting edge legal services to our clients intending to do Surrogacy in India. We have drafted more than 500 surrogacy agreement for our clients between intended parents , the doctor and surrogate mothers. We have been helping our clients with all the legal issues throughout their jouney of surrogacy.
Vikrant Sabne & Associates can evolve company specific confidentiality and non-compete clauses that would withstand the critical scrutiny of the judicial process. After passing of the Consumer Protection Act, 1986 (Act no. of 68 of 1986), unfair trade practices can now be adjudicated also before District Consumer Forums and Consumer Commissions. Our Company represents clients” matters before Consumer Courts and various other courts having its jurisdiction. We also handle writ petitions relating to consumer service and related matters. We also advise on consumer conciliation and settlements.
We actively advise and assist clients in complying with employment and labour laws. We assist Clients in drafting appointment letters, offer letters for consultants, termination agreements, employment agreements etc. We also advise clients on compliance with labour and wages implications for cross-border movement of employees.
We adopt prompt litigation procedures both civil and criminal in cases of data theft, breach of employment contracts and trade secret protection issues seeking urgent injunction orders and relief.
We represent clients in disciplinary matters with respect to dismissal on various charges of misconduct related to duty, discipline and moral e.g. absenteeism, go slow, riotous behavior, theft, moral turpitude, loss of confidence as well as drafting show cause notices, charge sheets, conducting inquiries, advising disciplinary action Employment Standing Orders and advice on Employee Provident Fund (EPF) under the employee provident fund act, gratuity act.
We have been legal advisors to several co operative societies, today even the co-operative housing societies have been involved in highly contested and lengthy litigations every society has a member who with his actions unnecessarily drags the entire society into litigations compromising the very nature and purpose of living in a co- operative society we with are expertice and timely intervention have been successful to ensure smooth and hassel free co existence in a co-operative society.
In growing trend in businesses , contract / Commercial agreements /Memorandum of Understanding etc. plays an important role to outline the expectation and also to protect interest of both the parties. The primary focus of these is to enforce both the parties and binds them to honor the terms of the contract.
We at VSA understand and believe that an agreement between the parties is the first and most important satge for two parties to work together for mutual benefit here we undertakes to built a legal bridge for both the parties to udergo such Contracts , Commercial Agreements, MOU, etc thereby protecting the rights and outlining the contractual duties towards each other, we have a dedicated team to cater individual needs and situation for every agreement, we strongly belive with a proper agreement in place your long and mutually beneficial relation is rest assured.