Legal intimation Notice
Baljin....
(Querist) 25 June 2010
This query is : Resolved
Dear Sir/Madam,
I am having garment franchisee of one company and now my business has been burried due to improper supply of goods from the company and i want to bind up this business and recovery of my security asap. I am having the stock of about 12 lacs, according to company, and my security deposit with the company is 6 Lacs+two non dated cheques of 2.50 lacs each. Company cannot pay my security till january 2011 after picking up all the stock. My queries are:
1. Should i send the legal Intimation Notice to company for the settlement of my account asap for the safer side?
2. What should i do for the non dated cheques which are with the company?
3. If Company sends me legal notice first then my showroom place will be ceased to do any other business till the resolution of this case?
4. Can comapny prepare a pre dated legal intimation and try to push me into any kind of mess? what point should i include in my legal notice for the safer side?
My only intention is to handover their stock and recovery of my security 6lacs and losses of 3 months which is 150, 000 only.
Thanks
Baljinder
s.subramanian
(Expert) 26 August 2010
You issue a legal notice to the company. In the said notice itself,you can ask for the return of the non dated cheques.
Baljin....
(Querist) 14 September 2010
Hello Advocate S.Subramanian,
I did the same as per your suggestions and in return they also sent me the reply of the Legal Notice by denying all the points.
Now Should i send a legal Notice again or I can sell off their Stock for the recovery of my Security?
If i don't sale off their stock now and they file Suit of Recovery (or i file the same) in that case the resolution would be after 3 years minimum then who would responsible for the Depreciation of the Stock?
Looking forward to your response.
Thanks and Regards
Baljinder
