If feasible can I ask you something
We as a company gave a hotel Food ingredients and culinary material on bills in April, May and June 2013 but the hotel has not given the payments on repeated requests even when the payment period was mutually agreed at 45 days on mail by the Purchase Manager.
we gave a legal notice to the hotel in Sept 2013 on which in agreed on the amount and said that the fullpayment would be made on 30th November 2013 but till now we havent got the payment even after repeated mail and calls.
What can we do now to extract our money. What can be the extent of penalty in this scenario.
Firstly if we file a money recovery suit can we put opportunity costs in that since our money which would have been in circulation and fetched a return of 10-12 percent per month was duped in the hotel and was not in circulation.
Secondly hotel sat on our money and continued to work as normal and earned hefty amounts from the customers. Salaries were paid in time, bonuses on festivals was paid on time, new year bash/party went as usual.
Thirdly the hotel broke the commitment of paying the entire amount back by 30 th November 2013 that it made in the reply of the legal notice.
Kindly suggest what to do.
Hoping for a reply from your end.
Regards\
Divey Khullar