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Yash Rungta (Proprietor)     28 October 2012

Sales proceeds not received: options?

Hello,

 

A glass dealer sold glass items worth Rs.5 lacs(plus 12.5% Maharshtra VAT) for Rs.562500. Goods were sold on credit for 60 days but payment has not been received for more than 6 months now.

 

What are my options of suing the purchaser? What is the time limit and under which section of which Act will I do so?



Learning

 2 Replies

Sanyam Malhotra (Advocate)     28 October 2012

file a suit for recovery

Yash Rungta (Proprietor)     28 October 2012

Yes but under which Act? And will this be filed in High court or normal civil court considering the amount including VAT is Rs.562500?


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