Letter Demanding Debt Payment - Template, Sample Form Pro · IN-law

LEGAL NOTICE FOR RECOVERY OF OUTSTANding DUES

(Sent through Registered Post A.D. / Speed Post / Email)

To,

________

________

GSTIN/PAN (if any): ________

Dated: ________

Reference No.: ________

Re: Notice demanding payment of outstanding debt of Rs. ________/- together with interest and costs.

Dear Sir/Madam,

§ 1. Under instructions from and on behalf of my client, ________, having its place of business/residence at ________ (hereinafter referred to as “my Client”), I hereby serve upon you the following Notice for and on behalf of my Client:

§ 2. That pursuant to a contract/purchase order/agreement dated ________ between you and my Client, my Client supplied goods/rendered services to you in the ordinary course of business, against Invoice No. ________ dated ________ for a sum of Rs. ________/- (Rupees ________ only).

§ 3. That the said goods were delivered to you / the said services were duly rendered to you on ________ to your full satisfaction, and you accepted the same without any demur, protest, or complaint as to quality, quantity, or otherwise, and you duly acknowledged receipt thereof. A true copy of the said invoice is annexed herewith for your ready reference.

§ 4. That in terms of the said invoice and the agreed terms of payment, the aforesaid amount became due and payable by you on ________.

§ 5. That despite the amount having fallen due, you have wilfully failed and neglected to make payment thereof. My Client has, on several occasions, called upon you to clear the outstanding dues, particulars whereof are set out hereunder:

________

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§ 7. That in view of the inordinate delay in payment, you are liable to pay interest at the rate of ________% per annum on the outstanding amount with effect from the due date till the date of actual realisation, in accordance with the agreed terms and/or under the applicable provisions of law, including, where applicable, the Micro, Small and Medium Enterprises Development Act, 2006, and Section 73/74 of the Indian Contract Act, 1872.

§ 8. That as on the date of this Notice, the total amount due and payable by you to my Client, inclusive of principal and accrued interest, stands at Rs. ________/- (Rupees ________ only).

§ 9. I, therefore, through this Notice, finally call upon you to pay to my Client the sum of Rs. ________/- (Rupees ________ only), together with further interest at the rate of ________% per annum from the date of this Notice till the date of actual realisation, within ________ days from the date of receipt of this Notice.

§ 10. Payment may be made by way of demand draft/cheque/electronic transfer in favour of my Client to the following account: ________.

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§ 12. That any dispute arising in connection herewith shall be subject to the exclusive jurisdiction of the competent courts at ________ and shall be governed by the laws of India.

§ 13. A copy of this Notice has been retained in the records of my Client/this office for future reference and the necessary course of legal action.

Yours faithfully,

________

________

Attention: ________

Designation: ________

_________________________

Signature

Name & Capacity of Signatory: ________

Place: ________

Enclosure: Copy of Invoice No. ________ dated ________ and supporting documents.