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Credit note is given by the company 6 months how to recove money


30-Aug-2023 (In Recovery Law)
I have purchased the recycle from a company and after 2 months i have returned those cycle and got the credit note. This credit note was given on Feb 2022. Now it's 6 months crossed. Company people no one is responding. nnHow to recover the amount
Answers (5)

Answer #1
774 votes
Hi, Since it is a credit note, then by nature they have to adjust it against any outstanding amount or any future payment that is due and payable by you to the issuer. Therefore if there was a past outstanding amount of the same value or higher, they may show that the credit note has been adjusted there and have no liability. However, if that is not the case and you are unable to make future transactions due to the evasive nature of the issuer, you may send them a legal notice demanding them to honour the credit note and provide you with goods in lieu of the same within a reasonable time failing which you may initiate civil proceedings seeking an injunction or recovery whichever is appropriate based on a review of the facts and documents. Please feel free to contact me for further assistance.
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Advocate Kunal Srivastava

Adv. Kunal Srivastava

LawRato Delhi | 100+ Answers
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Answer #2
973 votes
It seems that the company issued you a credit note so that you can utilise the note for a purchase in the future but now they are not honouring that commitment. therefore You can file a suit for recovering the money from the company that has issued you the credit note. Should you have any questions please feel free to contact me
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Advocate Kunal Seth

Adv. Kunal Seth

LawRatoDelhi | 700+ Answers
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Answer #3
965 votes
You should immediately file a written complaint against the defaulter and address it to the nearest police station of your area. You can also send her a legal notice if you don’t wish to go legal. In that notice you can write to either give the money back or face legal action. For more legal assistance I am just a call away.
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Advocate Jitender Singh

Adv. Jitender Singh

LawRatoDelhi | 1000+ Answers
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Answer #4
581 votes
You need to immediately hire an advocate to send them legal demand notice to reviver the money followed by a suit for recovery ! Please be in touch to understand the legalities and we need more facts on it ! Thanks n b in touch
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Advocate D. Khan

Adv. D. Khan

LawRatoDelhi | 1000+ Answers
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Answer #5
538 votes
Hi, Going by the limited information provided by you, it is essential to send them a legal notice asking then to pay back the amount otherwise legal action will be initiated against them. The legal action may be criminal and civil depending upon what you want from the company. Civil action : You can claim recovery of your money with compensation for harassment with interest. On the other hand Criminal action will put the wrongdoer behind the bars We can discuss it over a call for a sane legal advise.
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Advocate Ayush Kapur

Adv. Ayush Kapur

LawRatoDelhi | 200+ Answers
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