MSME Debt Recovery

MSME Debt Recovery Specialist

MSME Debt Recovery Specialist

Recovery of Outstanding Business Debts

Are You:

  • Manufacturer of a Product
  • Provided a Service
  • Trader of Product
 
Haven’t Received Payment for Same from your Client?
 

Against Whom we can help you recover your Outstanding Business Debts ?

  1. Any Government Body, Public Sector Undertaking
  2. Any Company, LLP, Partnership Firm
  3. Foreign Entity
  4. Any Individual, HUF
In Short, Any person with whom – A Business Transaction is undertaken –
We can help you recover your Outstanding Business Debts

 

Across India – Any Place in India

Globally – Even from Foreign Companies

How do we help in Recovery of Outstanding Business Debts?
We shall Legally proceed in Msme Court, NCLT, NESL, other Legal Mediums , Arbitration , Mediation as per each specific case

National Company Law Tribunal (NCLT):

  • A quasi-judicial body in India, established under the Companies Act, 2013.
  • Replaced the Company Law Board and the Board for Industrial and Financial Reconstruction (BIFR).

Jurisdiction: NCLT has jurisdiction over:

  • Company law matters (incorporation, winding up, mergers, etc.)
  • Insolvency and bankruptcy cases (under IBC, 2016)
  • Arbitration and conciliation proceedings

Functions:

  • Adjudicate company law disputes
  • Regulate and supervise company operations
  • Conduct inquiries and investigations
  • Approve schemes of arrangement and compromise
  • Order winding up or liquidation of companies

Benefits:

  • Streamlined and efficient dispute resolution
  • Expertise in company law matters
  • Reduced burden on traditional courts
  • Faster resolution of insolvency and bankruptcy cases

Procedure:

  • Filing of petitions or applications
  • Service of notices and summons
  • Hearing and judgment
  • Appeal to the National Company Law Appellate Tribunal (NCLAT)

Note:

  • NCLT plays a crucial role in regulating and resolving company law disputes in India.
  • The tribunal’s powers and procedures may vary depending on the specific laws and regulations applicable.

MSME Court:

  • The Micro, Small and Medium Enterprises (MSME) Court, also known as the MSME Tribunal, is a specialized court in India for resolving MSME-related disputes.
  • Established under the Micro, Small and Medium Enterprises Development Act, 2006.

Jurisdiction:

The MSME Court has jurisdiction over cases involving:

  • Delayed payments to MSMEs
  • Disputes related to MSMEs’ business operations
  • Enforcement of MSMEs’ rights

Functions:

  • Fast-track dispute resolution
  • Simplified procedures
  • Expedited recovery of dues
  • Enforcement of MSMEs’ rights

Benefits:

  • Quick and affordable justice for MSMEs
  • Reduced litigation costs
  • Increased access to justice for MSMEs
  • Boosts confidence of MSMEs in the legal system

Procedure:

  • Application to the MSME Court
  • Service of notice to the opposite party
  • Hearing and judgment
  • Enforcement of the order

Note:

  • The MSME Court provides a platform for MSMEs to resolve disputes efficiently and effectively.
  • The court’s procedures and powers may vary depending on the jurisdiction and specific laws applicable.