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Srinivas (.)     03 November 2014

Money recovery notice

Hi Sir, I have deposited money in ‘XY’ account at ‘A’ place. Check issued from ‘B’ place bank (My place) some purpose. Purpose is not fulfilled and its going against to settlement. Already one year over. Now I want with draw money from ‘XY’ account. But other party is not cooperating to withdraw money and they are giving warning to me.

1)Is it mandatory to send legal notice through lawyer ? myself can send? Please advise.

2) Please advise can file civil suit and criminal complaint on ‘ XY’ account at ‘B’ Place? Please advise.

3)How many days minimum we can give to recover money from ‘XY’ account ? Please advise.

Thanks for your quick response.



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 2 Replies

Vickey Seerapu (Lawyer)     04 November 2014

Yes, you have the right to file case against him under provision of compancies act, 1956. Consult a advocate for easy way to get your money back.

Srinivas (.)     05 November 2014

Hi Sir,Thanks a lot for quick response and time. (1) Please advise Is it compulosory to give 15 days time or we can give 7 days also ? If I give 7 days in legal notice,court will not accept? (2) How much maximum interest we demand in legal notice and in court as per laws ? Please advise. Thanks for ur time.


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