MSME Debt Recovery Services – Legal Solutions for Recovering Dues Under MSME Act |LegalMan - Price: Rs. 0

The MSME Debt Recovery services under the MSME Development Act, 2006, help micro, small, and medium enterprises recover dues from buyers. The act mandates payments to MSME suppliers within 45 days of the acceptance of goods or services, and failure to do so incurs a compound interest penalty. Disputes can be referred to the MSME Facilitation Council, which handles conciliation and arbitration. The act overrides other laws and provides a quicker, more affordable debt recovery process compared to civil courts. For more details, visit: MSME Debt Recovery