My company in Bangalore has outstanding invoices from a multinational corporation (MNC). We didn’t send them on time, and now they say their financial year is closed and won’t pay. Should we send them a legal notice, or is there another solution?

While sending a legal notice is an option, it might not be the most effective first step. Consider trying to negotiate a payment plan directly with the MNC, explaining the delay and highlighting the importance of timely payment for your company. If negotiations fail, legal action can be considered.