MODE OF RECOVERY UNDER INDIAN LAW
Recovery of money against supply of goods, commercial transactions and other related business matters by and against companies, partnership firms, sole proprietorship and other business enterprises have the following modes under:
Civil Proceedings
- Recovery suits in Civil Courts leading to Execution Proceedings
- Summary Suits where the recovery is based on cheques, promissory notes, contract and guarantee
- Suits for Specific Performance of Contracts
- Winding up petitions in case of companies
- Arbitration Proceedings
- Appeals, Revision and Writ proceedings in High Courts and Supreme Court
Criminal Proceedings
- Criminal Complaint under Section 138 of Negotiable Instrument Act in case of dishonor of cheques
- Criminal case in case of cheating, fraud , forgery of documents