Collection of outstanding amount
Battula Manikumari Apparao
(Querist) 07 April 2011
This query is : Resolved
Respected All,
My company is facing problem with payments due of client. Clients are taking the goods and not paying the bills, is there any effective way other than filling a civil suit for recovery of money under CPC? Because civil cases takes along time and company wants money earlier and it is not possible to go all the time for recovery cases, i suggested my marketing dept.to work on PDC in further cases. There are many client of company who are liable to pay the amount Rs.20,000/- to 50,000/- in various state.please suggest effective way to deal with debtors. Any other laws which are governing for such type of recovery?
M.Sheik Mohammed Ali
(Expert) 07 April 2011
you can file a money suit, and send the notice to buyers, what you said. for balance amount is pending.
