MSME Recovery
Legal services: MSME recovery, MSME money 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 Money recovery
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 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 going 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.
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?
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
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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