LEGAL NOTICE FOR RECOVERY OF OUTSTANDING DUES AND COMMERCIAL INVOICES
(UNDER SECTION 73 OF INDIAN CONTRACT ACT / COMMERCIAL COURTS ACT / MSMED ACT)

Date: {{ notice_date }}

TO:
{{ debtor_company_name }}
Registered Address: {{ debtor_address }}
Kind Attn: Managing Director / Proprietor / Partners: {{ debtor_contact_person }}

FROM:
{{ creditor_company_name }}
Registered Address: {{ creditor_address }}
Through: Advocate [Name & Office Address]

SUBJECT: STATUTORY LEGAL DEMAND NOTICE FOR PAYMENT OF PRINCIPAL OUTSTANDING SUM OF RS. {{ principal_amount }}/- AGAINST INVOICE NO(S). {{ invoice_numbers }} ALONG WITH COMPOUND INTEREST.

Sir / Madam,

Under instructions from and on behalf of my client {{ creditor_company_name }}, I hereby serve upon you this formal Notice for Recovery of Dues:

1. That my client is engaged in the business of {{ creditor_business_type }} and supplied goods/services to you as per your Purchase Orders dated {{ po_dates }}.

2. That against the said supply of goods/services, my client raised valid Tax Invoices as follows:
   - Invoice No(s): {{ invoice_numbers }}
   - Total Invoiced Value: Rs. {{ total_invoice_value }}/-
   - Payments Received: Rs. {{ payments_received }}/-
   - Balance Principal Amount Due: Rs. {{ principal_amount }}/-

3. That the goods/services were accepted by you without any demur, dispute, or objection regarding quality or specifications.

4. That despite multiple reminders, emails, and phone communications, you have deliberately avoided clearing the legitimate outstanding balance of Rs. {{ principal_amount }}/-.

5. DEMAND: You are hereby called upon to pay the principal amount of Rs. {{ principal_amount }}/- along with interest @ 18% p.a. (or statutory interest under MSMED Act if applicable) within FIFTEEN (15) DAYS from receipt of this notice.

6. Should you fail to remit the dues within 15 days, my client will initiate civil recovery suit under Order XXXVII of the Code of Civil Procedure, 1908 (Summary Suit) / Commercial Courts Act / Insolvency & Bankruptcy Code proceedings before NCLT at your sole liability.

Yours faithfully,

Advocate for the Creditor