How To File A Money Recovery Suit?
A suit for recovery of money is a civil remedy and acts as an effective remedy for the recovery of money. The suit can be filed within 3 years from the date of cause of action. A suit is instituted as a plaint. Plaint is the description of facts of the case and the exact amount being claimed along with any interest.
Jurisdiction:
- The defendant resides
- Defendant carries on business or personally works for gain
- The cause of action wholly or partly arises
How To File A Money Recovery Suit?
Often we come across circumstances where the opposite party fails to return the money or repay the amount within the stipulated period. Hence, there are various legal resources that can be taken by the aggrieved party against the defaulter party. One of the legal actions an individual can take is to file a civil suit for recovery of money under the Code of Civil Procedure within a stipulated time period. In this article, a clear understanding of what a money recovery suit is, what are the documents required to file the suit for recovery, and the process of filing the suit has been discussed.
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