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How to release payment from client company
25-Feb-2023 (In Recovery Law)
Dear Sir/Madam, I had a partnership firm, provided services in Telecom sector. We worked ih Haryana, Himachal, Rajasthan, Uttrakhand and Bangalore. We were working satisfactorily and there were not any issue about work and payment. But after joining of one Manager intentionally hold our payment without any intimation to us and any valid reason. After several followups regarding our payment and on invoice submission then unofficially we came to know that our payment is on hold. Then after meeting with the manager, he shouts at us and blaming us for site issues. please help us for release of payment
Are you still rendering services? I am asking this because you would not like to ruin business relationship if you continues to render it...
You must have entered into an services Agreement with them, therefore, the terms are to be looked at. In all probability, you would have to invoke arbitration in order to recover money
You must have entered into an services Agreement with them, therefore, the terms are to be looked at. In all probability, you would have to invoke arbitration in order to recover money
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Adv. Urfee Haider
Delhi | 200+ Answers
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In that you can send them a legal notice for releasing the amount, in case he not released the same after getting notice file recovery suit before the court, according to jurisdiction clause of your agreement
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Adv. Akhil Verma
Delhi | 400+ Answers
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It would be advisable to contact a lawyer with all relevant documents who would send legal notice of demand to opposite party. Even if thereafter, opposite party fails to make payment to you, you can file a suit for recovery of money. Further, it would be better to discuss all documentary proofs available with you to your lawyer so that he may advice properly.
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Adv. Pankaj Kumar
Delhi | 100+ Answers
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Has your client acknowledged your liability through either of the ways - stamped invoices, ledger confirmation or issuance of CST / VAT / TDS forms or cerificates or lastly through email communication etc. If yes, then you should send a formal demand notice under various applicable laws including specific references to insolvency and bankruptcy code (if client is a company or LLP) and / or under MSMED Act 2006 (if you are an MSME unit).
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