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Legal Notice For Recovery Of Money Format

  • Writer: Lead India
    Lead India
  • Aug 26, 2023
  • 3 min read

You may face a situation sometimes where it becomes a hard task for you to get your own money back from someone, the legal course of action could be of assistance. By serving a legal notice for the purpose of recovering money, you formally notify the individual who owes you money to pay back the amount owed or else you will file a lawsuit.

Legal notice for the recovery of money is a formal communication between two parties before a legal action is initiated to get their due payment. Anyone could send a legal notification, including a dealer to a customer, tenant, friend, business, bank, etc. For further information on the subject, it is advised that you seek legal assistance from an experienced advocate in your area.


Rules in India for recovery of money

As has already been discussed earlier, one of the important steps for recovery of money in India is to send a legal notice. A legal notice will generally be issued by an advocate on behalf of his or her client for the purpose of settlement as well as to communicate the intention of his or her client to initiate legal proceedings. A legal notice for recovery of money must contain the following-

  • Name, description and address of the sender of the notice.

  • Details related to the cause of action faced by the aggrieved by the party.

  • Monetary relief claimed by the sender of the notice.

  • The legal basis on which the monetary relief is claimed.

Points to be remembered when drafting a Legal Notice-

  • A legal notice would have to be drafted on the letterhead of the advocate and must be specific and proper.

  • The notice must contain addresses and contact details of the advocate.

  • The legal notice should include the date on which it was issued and the name, address as well as other contact details of the person to whom the legal notice is issued must also be stated as well.

  • In case a legal notice for recovery of money is issued from the client’s end, the name and details of the client are also required to be mentioned.

  • It has to be mentioned in the notice in which way the right of the sender has been infringed as a reason of the act and omission by the receiver of notice and the compensation which should be paid. Also, a specific amount of time must also be mentioned specifically in the notice within which the reply to the notice must be sent.

  • The legal notice must also be signed by the advocate as well.

Conclusion

A legal notice for recovery of money is a formal intimation between two parties, warning the other party of a possible legal action which can be initiated to receive their due payment.

In order to send a legal notice for recovery of money, it is advised that you seek legal assistance from an experienced advocate who could guide you through the proper legal procedure involved and proper legal language which would be required in the legal notice.

Lead India offers you an experienced team of advocates who have been successfully dealing with civil as well as criminal cases and could offer you appropriate advice and assistance as required. Thus, if you wish to talk to a lawyer online or seek free legal advice, you may contact us


Call Us: +91–8800788535

Email: care@leadindia.law


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