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Loan amount Recovery court fee
06-Aug-2023 (In Recovery Law)
One of my friends, advanced a big amount against a idemnity bond executed on Rs.200 stamp value. Is it tenable, if we file a suit for recovery? What is the court fee per lakh?
Court fee is subject matter of states. In Karnataka court fee money recovery per lakh Rs. 4875/- for Rs. 75,000/- and 7 per cent of the amount exceeding Rs. 75,000/- but not exceeding Rs. 2,50,000/-. Regarding enforceability of indemnity bond, the contents of instrument need to be studied.
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Raghavendra Rao B.K.
Bangalore | 200+ Answers
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How do I file a suit for recovery of money?
Order IV of Code of Civil Procedure (CPC), which was passed in 1908, is the appropriate order to file a lawsuit. A suit for money is filed within 3 years of the date the cause of action arose. It can be forgiven and left to the discretionary of the court. 18-Oct-2023
Will court fees be refunded?
The Court Fees Act of 1870 (the "Act") provides that if the court refers parties to a suit to a mode of dispute as defined in Section 89 of Code of Civil Procedure of 1908, then the plaintiff is entitled to receive the full amount of fee paid for such plaint. 02-May-2023
What is the court fee for 1 crore?
Within 30 days after the order is passed, cases where the goods or services are valued at more than Rs 20 lakh rupees can be filed. The court fee is Rs. 2,000 for cases exceeding Rs. 20 lakh up to and including Rs. 50 lakh, while it is Rs. 4,000 for cases between Rs. 1 crore and Rs.
How the court fees is calculated in money suit?
It is only in the case of those suits that are specified under clause (iv), Section 7 of this Act, that the plaintiff is entitled to ad-valorem court-fees.
Hi Querist,
Yes you can file a case and recover the amount, if u dont have a cheque as security u can file only a suit for recovery of money.
If u hv a cheque then if the said cheque is bounced u can file a cheque dishonour case where there is no court fees, however in the case of suit for recovery of money the court fees to be payable will be approximately 6% on the balance outstanding amount. However it is advisable if u can issue a legal notice and give him time, inspite of it if he fails then u can proceed legally.
Pratap, Adv
Yes you can file a case and recover the amount, if u dont have a cheque as security u can file only a suit for recovery of money.
If u hv a cheque then if the said cheque is bounced u can file a cheque dishonour case where there is no court fees, however in the case of suit for recovery of money the court fees to be payable will be approximately 6% on the balance outstanding amount. However it is advisable if u can issue a legal notice and give him time, inspite of it if he fails then u can proceed legally.
Pratap, Adv
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Adv. Pratap Kumar
Bangalore | 200+ Answers
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