I’m a tractor dealer, and I sold a tractor worth Rs. 7 lakh to a customer. He paid Rs. 10,000 upfront and the finance company covered Rs. 5,50,000, leaving a balance of Rs. 1,40,000. He promised to pay the remaining amount within a month but now refuses to pay despite reminders. I have a signed bill with a written declaration acknowledging the outstanding payment. What legal steps can I take to recover the money?
Best Answer
You can file a civil suit in a court of competent jurisdiction for recovery of the outstanding amount. The signed bill and written acknowledgment serve as strong evidence of the debt. You can also consider sending a legal notice to the customer demanding payment before filing a suit.
Please login or Register to submit your answer