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A company holding an amount of 12 lacs for last 3 years


01-Apr-2023 (In Recovery Law)
I had some business with a company in Delhi and since July 2018. He paid some amount but still 12 lacs are pending. He says to pay 2 lacs only and denying to check the report for the discrepancy
Answers (3)

Answer #1
637 votes
Hi, As per the limited information provided by you, it is recommended to move against the company by filing sending a legal notice to them asking for your outstanding liability with interest. If all goes positive then you will be able to recover your money otherwise we will file a Recovery Suit against the Company, whereby we can attach the property of the Company also.
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Advocate Ayush Kapur

Adv. Ayush Kapur

LawRato Delhi | 200+ Answers
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Answer #2
667 votes
For a full recovery with interest you can opt for a Civil Suit for recovery. The Pecuniary Jurisdiction of NCLT is not 1 crore so a Civil Suit is the only advisable action. Alternatively, if there is a cheque bounce you can approach the court the rough NI ACT 138. For Consumers, they can approach the consumer courts.
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Advocate Kunal Sinha

Adv. Kunal Sinha

LawRatoDelhi | 200+ Answers
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Answer #3
814 votes
Well in this case, Where you have already tried several times for the settlement and you have given sufficient time to the company in order to repay the pending amount, then you should start off by sending the legal notice to that company. So kindly contact for further details.
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Advocate Jia Kapur

Adv. Jia Kapur

LawRatoDelhi | 200+ Answers
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