Money Recovery

Money Recovery Notice in India

Money recovery notice is a legal notice for recovery of money dues. It is filed in order to commence legal actions to receive the dues. It is mainly filed between two people and asts as a caution with one withholding dues.

There are no legal rules lamenting that the legal notices are cramped to import employee-employer feuds. Legal notice function a vital part in the recovery of your money. It provides the final solution for the one receiving the notice to solve the problem without filing to court.

Objective of money recovery notice in India

The money recovery notice helps to make the clear purpose of the sender. It is a final opportunity that helps in the matter to be resolved. It results in faster recovery. The notice also reminds the receiver about the actions that will result grievances to the sender and the notice also provides the credibility to the sender's declaration.

Contents of a legal money recovery notice in India

The following are the basic contents for a money recovery notice in India.

• Sender's name and address.
• Detailed description of how the sender knows the defaulter.
• Reasons of action.
• Claim of monetary relief and details of the legal basis for such a relief.