MSME Award Appeal here we mean and discuss Appeal against the order, decree or Award arising out of the statutory arbitration proceeding under MSME Act. There have been challenges to this provision in courts, where the contentions were raised that this provision is not mandatory and there can be deviation by the Appellate court. Thus, the Supreme Court has made it clear that the provision of section 19 of the MSME Act is mandatory in nature..    

What are the benefits of MSME Samadhaan?

Author- admin
Date:March 30, 2023

What are the benefits of MSME Samadhaan?

MSME Law notes by NB Associates

MSME Samadhaan is an online portal launched by the Indian government to facilitate the speedy settlement of disputes related to delayed payments for MSMEs.

The portal provides various benefits to MSMEs, including:

Resolution of MSME payment disputes

MSME Samadhaan provides an online platform for MSMEs to file their complaints regarding delayed payments.

This helps to speed up the dispute resolution process, allowing MSMEs to receive their payments more quickly.

Reduction in financial stress

MSMEs often face cash flow problems due to delayed payments from buyers, which can lead to financial stress.

MSME Samadhaan helps to alleviate this stress by providing a platform for the resolution of payment disputes.

Saving time and cost

The portal provides a cost-effective and time-saving solution for MSMEs to settle payment disputes without having to go through a lengthy and expensive legal process.

Promoting business growth

Timely payment settlements can help MSMEs to manage their working capital more efficiently, promoting their growth and expansion.

Encouraging buyer compliance

MSME Samadhaan encourages buyers to comply with the payment terms agreed upon with MSMEs, as non-compliance can result in penalties and damage to their credit rating.

Overall, MSME Samadhaan has been beneficial for MSMEs as it provides a speedy, cost-effective, and efficient solution for resolving payment disputes, promoting their financial stability and growth.