A mid-market industrial manufacturer engaged us to recover ₹4.2 crore in outstanding payments owed by a downstream vendor that had, over eleven months, gradually shifted from late to silent.
The instinct in such matters is to file. The instinct is usually wrong, or at least incomplete. Filing creates a clock that runs against the wrong party — your client’s collections team, who must now sustain a litigation budget while the vendor delays through procedural motions.
We did three things in sequence. We sent a Section 8 notice under the Insolvency and Bankruptcy Code, which is read more attentively than a civil notice and which carries a definite tail risk for the recipient. We then offered, before the statutory window expired, a structured payment plan with a two-percent settlement discount. And we made it clear we were prepared to file.
The vendor paid in eleven weeks. No court appearance was required. Our fees, exclusive of disbursements, were under three percent of the recovered amount.