New Delhi | 13 Dec, 2016 (2 years, 5 months ago)

General Advice

Delay in payments from the clients

Hi! Couple of our clients have not made the payments for the services rendered by us and the delay has been of more than 4 months now against the agreed contractual terms. While they recognize that the services have been rendered, they give the excuse of not having sufficient funds. How do I proceed on this? Regards
Answers
17 Dec, 2016 | 20:02

Hi. From the commercial point of view, you should first take a call as to how aggressive you want to be in the recovery process. From the legal point of view, we can start by sending a legal notice which can shake things up and they might pay up or offer some settlement. In case no payment is received, we can then file a case for recovery/specific performance of contract.


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