Recovery of money from India

Recovery of money from India

In international business, the biggest challenge being to recover your money which is witheld by the buyer or the supplier for any reason.

There are various incidents that the foreign buyers or foreign suppliers end up struggling for recovery of money from India towards their supply already made or money paid as an advance towards the supply by an Indian supplier.

The foreign companies mainly from Japan, Russia, UAE, Hongkong, Singapore, Georgia, Poland, UK, Egypt, Israel, Kuwait, Oman, France, Germany, Spain, Canada, US, etc get in a fix where they have to recover money from India which they initially paid to supplier or supplied goods but the buyer has not paid the money till the date.

The foreign companies struggle and don’t know as to what to recover money from India even after they chase their counterpart in India. There are many cases where the buyer or supplier keeps on promising but never end up in paying up the money which is legitimate due towards the foreign supplier or buyer.

We regularly handle such issues and has had helped many clients round the globe to recover their legitimate money from India.

There are various legal ways such money can be recovered from India and we advise strategically for the following:

a. well drafted legal notice

b. insolvency proceedings

c. summary suit, if at all it is required to be done

d. arbitration, where contract provides or 

e. lodging complaints with various nodal authorities and embassies,etc.

The strategy of recovery of money from India may differ from client to client and it shall purely depend upon the following:

a. nature of transaction

b. contract

c. type of communications

d. amount

e. nature of the company of the buyer or supplier

f. demography,

g. pending amount and since when, etc.,

To know more on legal help in India for recovery of money in India in 14 cities of India, you can please connect on info@amlegals.com