how to recover outstanding payment
04-Jul-2023 (In Recovery Law)
1. you can file suit for recovery against your client, taking presumption, you don't have any cheque from client.
2. outstanding amount as per the boks is the ground for filling such suit.
2. you have to deal as it is your client, we are here to answer legal queries only.
3. depends on jurisdiction, in haryana/delhi within 2 years
4. you may be awarded principal+interest or any compensation, if you proved any loss/damage due to non payment.
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Asit Kumar Panda
We have raised the final bill in the year 2010 but till date no payment and no response has been received. In that case what type of case we can start for recover our payment
Reply by LawRato
To recover payment of an outstanding amount, you can file a civil suit for recovery of money under Order 37 of the Civil Procedure Code, 1908 (CPC). Order 37 of the CPC provides for a summary procedure for the recovery of money. This is a fast-track legal remedy for the recovery of debt in India. The limitation period for filing a suit for recovery of money is three years from the date on which the debt becomes due. If the suit is not filed within the prescribed period of limitation, which as per the facts supplied seems to be your case, it may be barred by the law of limitation, and the plaintiff may not be able to recover the money owed. However, there are certain circumstances under which the limitation period can be extended or suspended. For example, if the debtor acknowledges the debt, the limitation period may start afresh from the date of such acknowledgement. Similarly, if the creditor is prevented by some legal disability from filing the suit within the prescribed period, the limitation period may be extended.
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