How to recover balance amount from a business deal
14-Feb-2023 (In Civil Law)
Hello sir, I need advice regarding following issue, Kindly help. I m having a Biomass Briquette Manufacturing unit and had supplied 17 MT Briquettes to the supplier on terms of 3-5 days but the payment is not received. He always tries to spend the time and runs away when asked for money in his office. After rigorous follow ups he transferred 50 % amount after 5 Months but balance payment is yet to received now its 14 Months passed since material supplied. I have his commitment letter for depositing the amount in writting but still he dosent paid so far and ignored when contacted. Police complaint registered but they are saying to go to court as it is a legal matter. Legal Notice sent to his factory but no response is received. Can u suggest the way?
bussness deal
bussness deal
you can institute a civil suit for breach of contractual terms and money suit in the civil court for recovery of balance money
for institute civil suit court fees on the amount claimed should be paid.
for institute civil suit court fees on the amount claimed should be paid.
A host of legal measures are in place (stringent ones) to be followed whence a legal notice is served. Hence, would like to know what all has been done post serving the legal notice. Hence, kindly provide the same as well. I'm sending you a mail kindly lookup and revert accordingly.
As yours is a commercial deal, it would be advisable to file a summary suit for recovery of the amount due and payable to you. If the customer is a Limited company, winding up petition can be filed before the National Company Law Tribunal.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Civil lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."