FAMILY-OWNED TRADING BUSINESS IN GURGAON — CHEQUE BOUNCE & RECOVERY

Family-Owned Trading Business in Gurgaon — Cheque Bounce & Recovery

A family-owned industrial equipment trading business in Gurgaon — 50 employees, Rs. 30 crore turnover — was watching ₹4.62 crore of money vanish into 19 cheque bounce cases because buyers simply refused to pay. Also, a supplier hit them with a material defect notice to make things worse. Here's how we started recovering his payment.

The Client is a 25-year-old family-owned import and trading business dealing in industrial equipment, with around 50 employees and Rs. 30 crore annual turnover.

The Problem

• Rupees 4.62 crore stuck in cheque bounce matters across 19 different defaulting buyers.
• The promoter was managing the cases himself with junior local lawyers, with poor results.
• One supplier had also issued a legal notice claiming product defects.

What We Did Under the Retainer:

• Took over all 9 cheque bounce cases under Section 138 of the Negotiable Instruments Act
• Filed the cases in the right courts with proper paperwork and documentation
• Settled 4 of the cases out of court by negotiating directly with the defaulters
• Responded to the supplier's defect notice and resolved the matter through negotiation

Final Result: Recovered Rs. 2.10 crore across the 10 cases over 18 months — far more than the promoter had managed on his own. Legal action is still going on to recover the remaining amount. We drafted new sales contract to eliminate cheque bounce risk on future transactions.