Recovery of amount
5 years ago
Dear Sir
I have a small slitting machine unit to make Thermal paper Billing roll ,i have a client to whom i have supplied the rolls and we had given a credit of more than one lakh and the credit has reached more than 180 days initially he used to respond and give some or other confirmation about the payment from last month he is not picking up the call nor responding the mail or whatsapp. I have started this company based on loan and we are in MSME sector. Now bank is demanding for the interest.Its become difficult to run day to day activities due to money rotation is stuck.
Want to recover this amount from him what will be the best legal alternative without filing a case and extend .
Please advice
You can get issue a legal notice and later file a suit for recovery of money. You will get the amount with interest.
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BIR ABHIMANYU KUMAR
Responded 5 years ago
Mohd Abitasham
Responded 5 years ago
Send him a legal notice for the payment within stipulated time.or you can lodge a fir in a police station .
Rameshwar Dadhe
Responded 5 years ago
Adv dadasaheb Lande
Responded 5 years ago
Shreyash Mohta
Responded 5 years ago
If the client fails to comply with such legal notice then you are left optionless and you have to file a suit for recovery of money from such client and send him summons for the same to appear before the ld court and prove himself not guilty.
Thanks
Shreyash Mohta