Legal services: MSME recovery

We provide legal services for MSME recovery to our clients all over India.

We are among the fastest-growing law firm in India dealing in MSME recovery.

MSME recovery or MSME recovery of money

MSME recovery or MSME Money recovery has always been a challenge.

When you provide services or sell goods, you expect to get money timely.

However, in business, you cannot always expect timely payments from your buyer/client or customer and sometimes it is delayed or stuck.

The situation may compel extreme measures like litigation to recover money.

An inflow of money is always required to sustain a business.

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 the timely MSME recovery of money.

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

MSME claim settlement procedure

MSME Act, 2006 provides for the payment to it 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 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 the monthly interval 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.

Legal services of MSME recovery we provide to our clients

We help our clients in MSME recovery. These legal services are comprehensive to cover each and every aspect of the MSME recovery. These legal services are :

Legal consultancy  

Legal notices for the MSME recovery

Reply to legal notices of MSME recovery

Filing of claim before MSME Facilitation council

Representing MSME recovery claim before the Facilitation council

Defence before the MSME Facilitation council

Claim or defence before 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 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 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 practical solutions.

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 MSME 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 callback.

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