Legal Question in Business Law in India

Hello sir,

I am sachin sharma from ludhiana, punjab. I am running a transport company. I delivered some goods from punjab to orissa in the month of November 2015. All parsal delivered by truck. After all the work done the company doesn't clear our amount of all bills . And the amount is 30,lake's. Now its all 4 months over but they didn't clear any amount. So please give me some advice.


Asked on 2/20/16, 7:08 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

20.02.2016

Dear Sachin,

A personal visit to the Company and meeting the CEO / MD to discuss and sort out the matter across the table, is advisable and recommended. If the outstanding amount is not immediately settled post your discussion with the Company, request for one current dated cheque (50% outstanding amount) and two Post Dated Cheque(s) (balance 50% outstanding amount). Stay in Orissa till the first cheque realizes and is credited to your A/c. If it bounces or is dishonoured, immediately lodge a local Police NC (Non-cognizable) complaint in the name of the CEO / MD of the Company. Withhold all Company goods lying with you in your custody till all your dues are settled. Proceed to file a recovery suit under Section 138 of the Negotiable Instruments Act, 1938 against the Company.

Regards,

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Answered on 2/20/16, 7:39 am


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