Question
Q: Is it better to settle or pay full amount?
Answer
A: Paying off the full amount usually keeps your record cleaner, but settling can be a good idea if the charges are too high or you can't afford them. The most important thing is to have a written settlement that is full and final, and then get a No-Dues and closure confirmation. If someone is threatening you to settle, BNS intimidation principles may help you take steps to protect yourself. Legals365 and Advocate BK Singh look at the cost-risk and make sure that any settlement doesn't lead to more legal problems in the future..
By Advocate BK Singh
(Delhi High Court)
