Legal Question in Criminal Law in India

payment due

what if a part payment is made by a company and the rest is due, how to recover it.


Asked on 4/27/07, 6:17 am

4 Answers from Attorneys
Vishwa Arya Arya & Co.

Re: payment due

in case of a company, you have two options. File a simple suit for recovery. Otherwise, you may give a statutory notice for winding up and then if the company does not pay the balance go for winding up of the company.

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Answered on 4/27/07, 3:42 pm
Shrichand Nahar S.V.Nahar, Advocate

Re: payment due

You can file a suit for recovery of outstanding amount under general law. In case, these dues are admitted due of the company i.e. reflected in the balance sheet of the company, you can also file a petition for winding up of defaulting company as per the provisions of the Companies Act by giving statutory notice to that effect.

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Answered on 4/28/07, 2:38 am
G. M. Gupta gmguptaandassociates

Re: payment due

two modes of CIVIL recovery are available to you:

1 suit for recovery - ordinary

2. suit for recovery - summery

with more facts we can suggest some more modes of recovery to you

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Answered on 4/28/07, 10:04 am

Re: payment due

File suit for recovery for balance amount.

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Answered on 4/27/07, 10:18 am


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