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Want to Draft Legal Notice for Recovery of Money?

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A #legal #notice for #recovery of #money is presented when one person owes another money but fails to repay it after constant reminders. A legal notice for recovery of #payment is a formal communication before taking a legal action if payment is not received.

You must have often heard about people sending a legal notice for recovery of #dues to their #tenants, previous #employers, #banks, etc. because they fail to pay due #amount. Legal notice for recovery of #money in #India is regulated under Section 80 of Civil Procedure Code.

To get the format of legal notice for recovery of money, you can avail from #MyAdvo easily.

A legal notice helps you in recovering your money from your previous company or employer, laidback friend, adamant client, etc. who are not willing to pay you or constantly offer you with ignorant answers.

In order to know how to draft the legal notice, you can approach MyAdvo, which is considered as one of India’s leading legal-tech service aggregators providing you with a list of lawyers with their contact information and expertise details.

Learn all terms in details from the experts and know what are the legal procedures available in India to recover money, or better hire one from MyAdvo to help you in the process.

In India along with civil and criminal remedies, there are some other specific laws which particularly deal with recovery of money, e.g. The Negotiable Instruments Act, 1881.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act). This Act has established a specific judicial body known as the Debt Recovery Tribunal which deals with the recovery of money for Banks and large Financial Institutions.

There is an entire process that follows while drafting a legal notice for recovering your money and that is as follows:

1) The legal notice must be drafted in a specific and proper manner on an advocate’s letterhead.
2) It should contain addresses and contact details of the advocate.
3) The date on which the legal notice is issued and the name, address and contact details of the person to whom the legal notice is issued is to be stated.
4) The name and details of the client on whose behalf and under whose instruction the notice has been written should also be clearly mentioned.
5) In the notice, one should specify how your right has been infringed due to the act or omission of the other person, along with the what else you want in compensation.
6) The specific direction must be given to the defaulter along with a time limit.
7) The notice must be signed with date by both the Advocate and the sender.

Legal Notice for recovery of money is always the last step taken to make the payment before the matter will be taken to the Court. Since a legal notice has to be written on an advocate’s letterhead, it’s therefore important for you to hire a legal consultant who can assist you in both drafting and sending, as there is a specific format to be followed by lawyers to frame a legal notice.

In a legal notice, all required facts are stated briefly telling the grievance on which a legal action has to be taken. The points which should be noted when a lawyer writes a legal notice on his letterhead, are as follows:

1) The legal notice must be drafted in a clear way to be understood by the receiver.
2) The necessary details like names of people/ groups involved, their contact information, reasons of grievance, previous attempts of contacting the person or company for resolving a dispute, and any document or evidence in relation with the grievance.
3) The reason for sending the legal notice along with stating the conditions should be followed within a time period of 30-60 days.
4) The legal notice should be signed by the person sending the legal notice and the lawyer drafting it.

However, it’s not compulsory to have a lawyer to draft a legal notice, but you can always, take the required legal help from a legal-tech platform like MyAdvo, which acts as a legal concierge connecting you as the user with a good lawyer.

Just send in your legal queries at [email protected] and we’ll make your legal woes disappear quickly.


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