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Home / Legal / How To Draft A Legal Notice For Recovery Of Money?
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How To Draft A Legal Notice For Recovery Of Money?

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0 2022-12-21T11:41:06+00:00
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The legal route comes to your aid when it becomes difficult for you to recover your own money from someone. You can formally warn someone who owes you money to pay up or face legal action by sending them a legal notice for recovery of money.

Legal notice format for recovery of money must include the following information:

  • Name, identification, and address of the sender of the notice

  • Specifics about the cause of the action

  • The financial assistance that the sender of the notice is requesting

  • The main legal justification for the requested relief

How to draft a legal notice for recovery of money?

  • The legal notice needs to be properly and specifically written on the advocate's letterhead.

  • It should include the advocate's addresses and phone numbers.

  • The legal notice must include the recipient's name, address, and contact information as well as the date on which it was issued.

  • The client's name and contact information should be included because the legal notice for the money recovery is coming from the client's end.

  • In the notice, it should be made clear how the other party's action or inaction violated your rights and what remedy you are seeking as a result.

  • The opposing party must be given a clear directive and a deadline.

  • Both the advocate and the sender must sign the notice (along with the date).

You should hire a lawyer to assist you in drafting and sending a legal notice for recovery of money. Order 37 of The Code of Civil Procedure, 1908 provides civil remedies for money recovery.

Sections 406 (criminal breach of trust), 420 (cheating), and 426 (mischief) of the Indian Penal Code, 1860, provide for the summary lawsuit and criminal remedies. In order to get your money back safely and securely, sending a legal notice for recovery of money is the best and most important action that can be made.

Read More:

How to reverse a wrong transaction? Can I get my money back from the builder after the registration of the agreement? Is It Mandatory to Give a Reply to a Legal Notice?

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