For recovery money recovery
Saurabh Kumar Singh
(Querist) 19 December 2013
This query is : Resolved
Dear Concern,
we as a company entered into MOU with A & B persons in October'2010, to purchase almost 10 survey no. for company project. A&B into the business of real estate development, land development and project consultant. As per MOU consideration given to A & B by company. Till date only two survey number has been registered in the name of company out of 10 survey numbers. Company paid all money through cheque to A & B, but instantly without completing the work A & B stopped responding to company. As most works pending hence we asked to return our company money. At the time of negotiation B son B1 given in writing that they will return the money by December'2012 but till date neither they are ready to pay money nor denying the same.
Now management decided to move against them to recover the money. please guide me:-
1. step as per criminal law to recover the money.
2. shall we lodge the FIR for fraud and/or breach of trust?
3. Any step through which we can recover our money at earliest.
Yours co-operation requested.
SHIRISH PAWAR, 7738990900
(Expert) 19 December 2013
You can approach civil court for recovery of money. And you can also file criminal case. I suggest you to take advocate for filing cases.
V R SHROFF
(Expert) 19 December 2013
Company must consult their Legal Dept/ Adv being commercial.
Saurabh Kumar Singh
(Querist) 20 December 2013
thanks for yours view.
it's true that we as a company consult our lawyer but lawyers club is forum to discuss the issues nothing else. If this is view of professional that "consult with your lawyer" then I think I am not before knowledge sharing forum.
my understanding was/is that, this is a platform to share view and knowledge.
sorry for taking yours precious time.
V R SHROFF
(Expert) 20 December 2013
Share in FORUM, NOT IN EXPERT ZONE
PROVISION IS THERE TO SHARE KNOWLEDGE, ASK IN FORUM & DISCUSS..
NOT HERE. this EXPERT'S ZONE is NOT a platform to share view and knowledge Sharing.
HERE WE EXPERTS RENDER FREE LEGAL SERVICE TO NEEDY, WHO CANNOT AFFORD LEGAL FEES OR ADVOCATES.
Company are established with object to make profit// not for sharing knowledge.
Read your Prospectus, Memorandum of Association, Article of Ass & Objectives. Company Objective is for making Profit, not to learn or share knowledge..
your act may be ultra-vires, without authority of company, if want to share knowledge here on behalf of the Company. .
Hope , it is clear.
Saurabh Kumar Singh
(Querist) 20 December 2013
thanx for your view.
you are free to give/share your view and knowledge.
every one has his own way of interpretation, if you don't feel proper then you chose not to reply to query.
whosoever want to reply can reply or my query will be unanswered.
no need to invest precious time on other side instead of asked query.
V R SHROFF
(Expert) 20 December 2013
MR. SS
DO U HAVE RESOLUTION OF YOUR COMPANY OR ANY AUTHORISATION TO ASK QUERY HERE????????
OR U R DOING IT ON YOUR OWN, ILLEGALLY???
All Leading Experts here had jointly decided not to reply commercial Queries of those who can afford Advocate.
This is a Joint decision, of our UNION of EXPERTS, THAT I INFORMED U.
I HATE SUCH ADVISE "if you don't feel proper then you chose not to reply to query." BE QUERIST HERE, AND NOT ADVISOR.
SO DON'T ADVISE HERE
ajay sethi
(Expert) 20 December 2013
we dont reply to commercial queries as company can afford legal fees .
T. Kalaiselvan, Advocate
(Expert) 21 December 2013
Company has its own legal department and panel of advocates to advise on legal matters, the question may be place before one of them.
Raj Kumar Makkad
(Expert) 21 December 2013
I do agree with the opinion of the experts. Incur some expenses for this purpose.
