Business money recovery
ARVIND KUMAR SHARMA
(Querist) 02 December 2019
This query is : Resolved
i am a 52 years old business man started my business after leaving job not having sound financial back ground running business from indore madhaya pradesh . i distributed (sold) goods to dealers on credit now i am facing sever problem in recovery in most of the cases two years has been ruined now because of shortage( blockage of 50 lacs among different dealers) of money i am unable to run my business properly is there any law available by which we can recover our money in fast manner .due to heavy court fee we can not file recovery cases on every dealer .
kindly guide us
Sb Karma
(Expert) 03 December 2019
demand payment through cheque from them
then
bounce it and file recovery
and there is no huge court fees applied
Consult your local lawyer for best assist,it can't help through online
because facts and cause cant read from here so
best option is contact local lawyer
P. Venu
(Expert) 03 December 2019
You can place the matters before theLegal Service Authority (Adalat) functioning in the local Court.
Sankaranarayanan
(Expert) 03 December 2019
Legal remedy by way of filing cases against the defaulter for which you need to pay appropriate court fee . as for as appointment of lawyer you can follow as pointed by the learned friend . Mr.Venu
ARVIND KUMAR SHARMA
(Querist) 03 December 2019
sir from whom we can collect the cheques we collected and whom we could not we filed the recovery case but the time taken is very long and we do not extra money to pump and un our business therefore we are asking about any fast legal process wich can help us to survive us .
Dr J C Vashista
(Expert) 04 December 2019
Dear Mr. Arvind Kumar Sharma,
Your case depends upon various factors such as do you have any acknowledgement / receipt for claimed amount, whether any instrument (cheque/ pronote / bank guarantee etc.) was provided by your customers or not.
It can (should) not be relied upon obligation of experts on this platform despite the fact it is available FREE OF COST.
It is advisable to consult a local prudent lawyer for better appreciation of relevant facts/documents, guidance and proceeding.
Sankaranarayanan
(Expert) 05 December 2019
Yes we given the suggestion within the legal parameter , as suggested by friends Sri Vashita ..you better to find a local lawyer and act accordingly
