Legal Question in Business Law in India
We were having the outstanding amount from Customer from last one & half year. We have also claimed interest & inventory carrying cost.
But we got information that the customer has taken procurement action for the balance material yet to be supplied by us and have started the erection work which is in our scope.
The reason being given by customer is that, they are showing the progress in project in order to get the funds released from Bank.
Is there any legal way by which we can restrict them from working on their own? What legal remedy available to us under law and contract? What should be our course of action?
1 Answer from Attorneys
28.05.2014
Dear Sir / Madam,
Your legal right is limited to sue the customer for recovery of the amounts due from the customer. You can refuse to make any further supplies to the customer until the previous outstanding dues are settled in full.
Regards,
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