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Blogs & Articles
Unpaid Invoices Past 45 Days? Here's the Law Working in Your Favor as an MSME Registered Business.
This blog explains the legal remedies available to MSMEs facing delayed payments under the MSMED Act, 2006. It breaks down the statutory payment timeline and compound interest liability under Sections 15 and 16, the recovery route through the Micro and Small Enterprise Facilitation Council under Sections 17 and 18, and the 75% pre-deposit requirement under Section 19 that discourages buyers from using appeals as a delay tactic.
Adv. Bharat Nenwani
Sep 213 min read
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