Machine learning models deployed as a service (MLaaS) are susceptible to model stealing attacks, where an adversary attempts to steal the model within a restricted access framework. While existing works demonstrate near-perfect performance using softmax predictions of the classification network, most of the APIs allow access to only the top-1 labels. In this work, we show that it is indeed possible to steal Machine Learning models by accessing only top-1 predictions (Hard Label setting), without access to model gradients (Black-Box setting) or even the training dataset (Data-Free setting) within a low query budget. We propose a novel GAN-based framework that trains the student and generator in tandem to steal the model effectively while overcoming the challenge of the hard label setting by utilizing gradients of the clone network as a proxy to the victim's gradients. We propose to overcome the large query costs associated with a typical Data-Free setting by utilizing publicly available (potentially unrelated) datasets as a weak image prior. We additionally show that even in the absence of such data, it is possible to achieve state-of-the-art results within a low query budget using synthetically crafted samples. We are the first to demonstrate the scalability of Model Stealing in a restricted access setting on a 100 class dataset as well.