Legal Question in Business Law in India
you sold a shipment of goods to a company and received a bill of exchange for it.but now you find that the bill has been dishonoured.can you sue the company? what would your rights be in a cout of law in this scenario?
Asked on 5/20/12, 2:54 pm
3 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
Yes you ca sue the company. You have two remedies available to punish and recover the amount from the company.
Answered on 5/20/12, 8:58 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
instead of following absurd advice, you may serve a legal notice to the default company within one month of dishonour of the bill and thereafter, you may go for a complaint under negotiable instruments act and also file a suit for recovery.
Answered on 5/20/12, 10:02 pm
ranganathan raghavachari
R.Ranganathan & Associates
You can recover the amount by filing a civil case.
Answered on 5/20/12, 11:58 pm
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