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. However, when payment is delayed or stuck your business may be affected. The timely inflow of money for the services you provided or goods you sold is necessary for the business.
The situation may compel extreme measures like litigation for MSME payment recovery.
If money is received sooner and there is an effective mechanism of law in place, the mechanism which is smooth, efficient and supportive to the business houses, they are not going to 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.
Read here :
- What is MSME?
- How MSME claim is filed?
- What is MSME Samadhan?
- Who are eligible for MSME Samadhan?
- Where can an MSME claim be filed? Jurisdictions
- How effective is MSME Samadhan?
- What are the benefits of MSME Samadhan?
Read here: What is MSME & MSME settlement procedure a boon to the business
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 money is not received within such days, a claim for such MSME payment of money along with interest can be filed before the MSME Facilitation council established by State Govt.
Such a claim is filed at the Facilitation council where such 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 for MSME Payment recovery?
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
Telegram message: You can also request a call back through Telegram message at the given number i.e. 9811899279
Contact us form: You can send your questions or queries through the Contact us form appearing in the sidebar if you are using a desktop or appearing below on your using mobile.
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Frequently Asked Questions
- What is MSME?
- How MSME claim is filed?
- What is MSME Samadhan?
- Who are eligible for MSME Samadhan?
- Where can an MSME claim be filed? Jurisdictions
- How effective is MSME Samadhan?
- What are the benefits of MSME Samadhan?
- Whether Limitation Act applies to claims under MSME Act?
Read more
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Related Law Articles
- MSME Claim Settlement Procedure – A Boon for MSMEs.
- MSME Payment Delay – Legal way to recovery.
- MSME Samadha Scheme – the effective recovery system.
- Delayed payments to micro and small enterprises – MSME Act.
- MSME online case filing – the process a significant step.
- MSME Case Filing – Step-by-Step Procedure.
- MSME & Limitation Act – Applicability on recovery proceeding.
- MSME Complaint – MSME Complaint Mechanism.
- Can Bank guarantee be accepted as 75% pre-deposit u/s 19 MSME Act?
- Can deposit of 75% u/s 19 of the MSME Act be in Instalments?
- Whether the condition of 75% deposit under sec 19 MSME act is mandatory?
- Whether mere notice of conciliation by the MSME facilitation council wipe out the legal defence of limitation?
- Court’s power to extend mandate in Arb proceeding under MSME Act.
- MSFC reference can be challenged in writ jurisdiction.
- MSME Complaint Online For Payment – through MSME Samadhan
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Related laws
- Micro, Small and Medium Enterprises Development Act, 2006
- Micro, Small and Medium Enterprises Development (Furnishing of Information) Rules, 2016
- MSME Fund Rules, 2016
- Micro, Small and Medium Enterprises (Amendment) Rules, 2022
- Rules of furnishing information on Plant & Machinery/Equipment
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Latest Notifications
- Click here: Criteria for classifying the enterprises as micro, small and medium enterprises and specifies the form and procedure for filing the memorandum known as ―Udyam Registration.
- Click here: Guidelines for calculating Investment in Plant & Machinery
- Click here: Udyam Registration: Clarification regarding the Financial Year in respect of the data of Investment, Turnover and Export from the IT Department and GSTN for effecting the Classification of MSMEs -reg.
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