MSME Payment Recovery

Legal services: MSME payment recovery

MSME Payment Recovery

We provide legal services for MSME Payment Recovery pan India.

We are amongst the top Law firms in India dealing in MSME Payment Recovery.

MSME Payment Recovery

MSME payment recovery has always been a challenge.

When you supply services or sell goods you expect payments timely. When payment delays occur or become stuck, your business can face negative impacts. Timely inflow of money for the services you provide or goods you sell is essential for your business.

The situation may compel extreme measures like litigation for MSME payment recovery.

If businesses receive money sooner and have an effective legal mechanism in place, the mechanism will be smooth, efficient, and supportive. As a result, businesses will not bear the jolt.

Here comes into play the MSME Act, of 2006, which provides an effective mechanism for timely MSME payment recovery.

To know the basics about MSME claims and related laws, you can access our frequently asked questions page.

MSME Payment recovery procedure

MSME Act, 2006 provides payments against the supply of the goods or services to be made to MSME within a period of 15 days or a maximum of 45 days from the date on which such claim accrues, for example, the date of the invoice.

If the payment is not received within the specified days, the claimant can file a claim for the MSME payment, along with interest, before the MSME Facilitation Council established by the State Government.

The claimant files such a claim at the Facilitation council where the MSME is registered.

Section 16 contains the provision of statutory interest rate i.e. the 3 times the bank rate notified by RBI. And this interest rate is compounding at monthly intervals as per law.

The provisions of conciliation, and statutory arbitration provide an effective and time-saving mechanism.

Read here: Step-by-step guide to MSME claim settlement procedure.

Our MSME Payment recovery legal services

Our legal services are comprehensive to cover each and every aspect of the MSME payment recovery. These legal services are :

Legal consultancy 

Legal notices for the MSME payment recovery

Reply to legal notices of MSME payment recovery

Filing of claim before MSME Facilitation council

Representing MSME payment recovery claim before the Facilitation council

Representing and defence before the MSME Facilitation council

Claim or defence before an Arbitration proceeding

Execution of Awards

Challenge or objection to award under section 19 of the MSME Act

Appeal against the interim order

Appeal against the final order

Negotiation with the opposite party

Representing before Dist. Court

Representing before High Court

Representing before Supreme Court

Our team and network for MSME Payment recovery

With a robust team of lawyers and a wide network, we are helping our clients in all 11 districts in Delhi.

We are also helping our clients in NCR Regions (Noida, Greater Noida, Ghaziabad, Faridabad, Gurugram)

We are also helping our clients in Allahabad, Kanpur, Lucknow, Chandigarh and Panchkula region. 

Why do clients choose us?

Best Legal Advice 

Issues may be complex. It is imperative to listen to the client.

We give ear. We understand the issue, weigh them on legal parameters, and come out with a practical solution.

Honouring Client’s Trust

The client has issues. He does not have a solution. He may not have the vision which goes to the solution.

Trust is bestowed upon a professional by the client to give him a solution in his best interest. To give him a clear vision which goes to the solution.

We honour that trust.

Confidentiality

The client shares his issues with a professional. Such issues may contain non-public or confidential information of the client.

How can we be contacted?

For specific questions or queries related to our services of MSME payment recovery, we can be contacted by:

Fix an appointment: Any appointment can be fixed physically, telephonically or through video conferencing.

Email. mail@nbasociates.net : While emailing please do give your name and mobile number. Also, your queries or question should contain all relevant materials, which will help us to effectively answer your questions or queries.

Call: You may contact us at 9811899279. If the call is not picked up you can request a call back.

Whatsapp message: You can request a call back through WhatsApp message at the given number i.e. 9811899279