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DESCRIPTION: In general meaning, recovery means to recover something or the return of something you have lost. In legal term recovery means the amount of money, property or any other right which is awarded to the plaintiff in a lawsuit. Recovery can be of anything like the recovery of land, property or money. When damage occurs plaintiff is awarded the recovery of damages. Recovering damages is a loss or harm resulting from injury to any person, his property or reputation....
Experienced Recovery Lawyer in lakhisarai: When any suit for recovery is filed, the court after satisfying either order compensation, fines, restitution payment to the victim or any other obligation referred. A recovery certificate is given of debts due to the bank and financial institutions. It is given against the person by whom the amount is to be recovered. Civil procedure code: order xxxvii of CPC provides provision for suits of recovery. Section 405 and 406 of lakhisarain penal code, 1908 provides provision related to criminal breach of trust and its punishment.
This is applicable to :
1) suits upon bills of exchange, hundies, and promissory notes.
2) suits in which the plaintiff seeks only to recover a debt or liquidated demand in money payable by the defendant.
INDIAN CONTRACT ACT, 1872: lakhisarai being a developing country has lots of problems which is faced by every individual every now and then. One of the biggest problems is the enforcement of a contract. People are not aware and due to lack of legal knowledge, they face contractual related problems. They are not aware of the fact that what might happen in future in case of non-fulfillment of any contract. lakhisarain laws provide with certain remedies in case of recovery like civil remedies, criminal remedies or out of court settlements. The lakhisarain contract is mother law for debt recovery, section 73, of this act provides compensation of loss or damage by breach of contract. When there is a breach of contract, to enforce it in order to recover the debts, suit needs to be instituted.
Limitation act: In this act certain time period is given that means a person against whom the court has ordered to pay any compensation, the court specifically limits the time period under which that person has to pay the compensation
WHY CHOOSE US: In Our Country, there are so many cases which are pending in each case court orders to pay compensation for the damages occurred. Lawtendo has the best lawyers across in lakhisarai who renders the best service. Who is specialized in the field of contract, revenue act, and other Civil related matters? Our aim is to provide the client with a better attorney, the client have the option to choose an attorney. We offer you a great assistance in less time.