Debt Recovery Demystified: The Power of Legal Notices

A recovery notice is a legal document that is used to inform a debtor that they owe a debt and to demand payment of the debt. A recovery notice may be used in a variety of situations, including when a person or business has supplied goods or services to a debtor and has not been paid for them.

When drafting a recovery notice for the supply of goods or services in India, there are several things to keep in mind

1. Clearly identify the parties involved, including the creditor (the person or business to whom the debt is owed) and the debtor (the person or business who owes the debt).

2. Specify the details of the debt, including the amount of the debt, the date it was incurred, and any relevant invoice or contract numbers.

3. Demand payment of the debt, along with any applicable interest or fees.

4. Include a deadline for payment and specify any consequences if the debtor fails to make payment by the deadline.

5. Have the notice signed and dated by the creditor or their representative.

It is important to seek the advice of a lawyer when drafting a recovery notice to ensure that it is legally enforceable and complies with any relevant laws or regulations. It is also important to keep in mind that sending a recovery notice is a legal process and may result in the debtor being sued for non-payment if they do not make payment by the deadline.