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Payment Dues Recovery Solutions needed
10-Mar-2023 (In Civil Law)
Respected Sir,
I have made sales to a pvt ltd company in pune worth Rs 10 lacs, and it has been more than 6 months and almost 7 lacs are still due. They have started Avoiding my calls. My invoices clearly stated a payment period of 45 to 60 days and interest penalties after its expiration. What should be my next step as to initiate with the legal proceedings and will I be in a position to demand principal amount along with the compensation for the greivances caused. Thanks.
Query perused. Engage a lawyer and get a legal notice issued to the concerned directors of the company demanding outstanding as per the statement of accounts maintained by your firm alongwith penalties and interest by giving 15 days time. Failing which I would advise you to file a civil suit for recovery alongwith interest pendelite. For further consultancy and legal services you may contact us.
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Adv. Anubhav Kathuria
Delhi | 1000+ Answers
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You will be entitled for the interest, the principal and the court may also award you costs on the proceedings. We will have to see as to what are terms between you and the company, thereafter the best course of action can be suggested. A quick course of action will surely help you to realise your dues at the earliest.
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Adv. Tejasv Anand
Delhi | 100+ Answers
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if you have proper document you can file a suit against them for claiming the money and there is a remedy in law in your favour if you're interested to purchase a matter so kindly contact us or we will let you know for advice
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Adv. Akhil Verma
Delhi | 25+ Answers
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