Frequently Asked Legal Questions and Answers › Category: Business › Recovering Outstanding Balance: Seeking Legal Help

Shobana Raj asked 11 months ago

I trust this message finds you well. My name is Shobana Raj, and I am reaching out to inquire about the Recovering of an outstanding balance and seek your legal expertise to initiate appropriate action.

Subject: Request for Legal Assistance in Recovering Outstanding Balance

Background of the Transaction:

I run a furniture business, and I have encountered issues with a buyer who has failed to fulfill their payment obligations for products they purchased from me. To provide context, the buyer initially agreed to make a partial payment online and the remaining amount through a cheque.The buyer handed over a cheque of Rs. 12,82,230/- on June 22, 2017. However, they later requested to hold the cheque, promising to make an online payment instead. Since then, multiple attempts have been made for payments, but the cheques provided were not honored, and the online payments were insufficient.I have diligently maintained a record of all transactions, including copies of the bounced cheques, records of online payments, and the mortgagee deed provided by the defaulter. I am attaching these documents for your reference.

Stalled Progress and Pandemic Impact:

Despite my belief that the buyer would fulfill their payment obligations, no progress has been made in resolving this matter. Due to the challenges posed by the COVID-19 pandemic, I was unable to take any legal actions after the last bounced cheque in 2020.

Request for Legal Assistance:

Now, with no response from the buyer for several years, I am seeking legal assistance to recover the outstanding balance and initiate appropriate legal proceedings. Importantly, I have no knowledge of any disputes related to this matter in any Court or Tribunal.

Emotional and Financial Impact:

The constant denial of my rightful claims has caused me immense financial distress and mental agony. I am entitled to receive a substantial loss of economic benefits due to this situation. It is imperative to acknowledge the detrimental impact this has had on my overall well-being, both emotionally and financially.

Seeking Your Guidance:

In light of the circumstances, I kindly request your guidance and support in recovering the remaining amount owed. I am open to constructive dialogue and willing to provide any information or documentation required for a prompt resolution.

Thank you for your attention to this Recovering Outstanding matter. I look forward to your prompt response and the opportunity to discuss this further.Sincerely,Shobana Raj