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Not received any refund from the company paid for acquiring Franchise
05-Mar-2023 (In Recovery Law)
I paid 14.5 lakh to franchise owner for acquiring franchise but due to some reasons we mutually cancelled the agreement. This raised the refund request in form of credit note mentioning the refund amount along with date on company letter head along with signature and sign. The due date is over now and still i have not received money and he took 6 month time to refund the money. What action i can take which can get money as soon as possible.?
You file suit for recovery. Depending on the proofs w.r.t ur claim if the documents provide prima facie view then u can also file summary suit under order 37 of CPC.Be careful re filing summary suit as some time if unconditional leave is granted then the matter is prolonged.
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Adv. Rajesh Rai
Delhi | 100+ Answers
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You made an agreement which was legal and similarly you cancelled it with mutual understanding. If you have proper receipt or proof of the money paid, than you can proceed with a recovery suit of your paid amount and ask for the bank interest as well.
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14+
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Adv. Rahul Ahlawat
Delhi | 25+ Answers
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