MSME SAMADHAAN - Debt Recovery

Debt Recovery for MSMEs

Empowering MSMEs: Swift and Effective Debt Recovery with dCorpo Legal

Micro, Small, and Medium Enterprises (MSMEs) form the foundation of India’s economy, contributing an impressive 30% to the nation’s GDP each year. Comprising a diverse array of manufacturers and service providers, India is home to over 4 crore registered MSMEs (as per the Udyam Portal, as of March 31, 2024). These businesses are vital drivers of economic growth and employment across the country.

Despite their significant contributions, MSMEs frequently face challenges in receiving timely payments for their goods and services. Delays or outright refusal to pay their rightful dues can lead to serious cash flow issues, disrupting working capital and hindering daily operations. This financial strain can cripple businesses, affecting their ability to meet obligations, pay employees, and invest in growth.

However, under the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006, MSMEs have strong legal recourse. The Act mandates that if an MSME is not paid within 45 days of delivering goods or services, the business can seek redress by filing a claim with the Micro and Small Enterprises Facilitation Council (MSEFC) through the MSME Samadhaan Portal.

The MSEFC is a specialized quasi-judicial body focused on resolving payment disputes involving MSMEs. Its fast-track approach ensures that businesses receive the support they need to recover outstanding payments, enabling them to maintain smooth operations and achieve financial stability.

Our Services for MSMEs: Comprehensive Legal Support for Debt Recovery

At dCorpo Legal, we understand the critical importance of cash flow for MSMEs. We offer a suite of specialized services aimed at helping MSMEs recover their dues quickly and efficiently. Our extensive expertise in MSME laws and the workings of the MSEFC makes us the ideal partner for businesses looking to resolve payment disputes and regain control of their finances. Here’s how we can assist your MSME:

Initial Consultation and Case Evaluation: We begin by thoroughly assessing the details of your case, advising you on the best course of action based on the nature of the dispute and the amount owed.
Drafting and Issuance of Demand Notices: As a part of our strategy, we issue legally sound demand notices to the buyers, formally requesting payment and laying the groundwork for further action.
Filing Applications with the MSEFC: We handle the preparation and submission of all necessary applications with the relevant Micro and Small Enterprises Facilitation Council, ensuring your case is put forth promptly and effectively.
Drafting and Submission of Petitions: Our legal team drafts comprehensive petitions to be submitted before the MSEFC, ensuring that all aspects of your claim are articulated clearly and supported by strong evidence.
Representation During Conciliation and Arbitration: We represent your business in all proceedings before the MSEFC, whether during conciliation or arbitration, advocating tirelessly on your behalf to ensure a favorable outcome.
Liaison with Authorities and Obtaining Orders: Our firm manages all interactions with the relevant authorities throughout the process, ensuring swift communication and timely acquisition of orders from the MSEFC, so that you can recover your dues without unnecessary delays.

Why Choose dCorpo Legal?

With over 4 years of experience and a proven track record of handling more than 100 MSEFC cases across Pune and Mumbai, dCorpo Legal has established itself as a trusted partner for MSMEs seeking fast-track debt recovery. Our deep understanding of the MSMED Act, the MSEFC process, and the specific challenges faced by MSMEs allows us to navigate the legal landscape with confidence and precision.

Our clients choose us because we offer:

Expertise and Insight: We have a thorough understanding of the intricacies of debt recovery for MSMEs, particularly in the context of the MSEFC’s procedures and the legal framework governing delayed payments.
Fast-Track and Cost-Effective Solutions: We know that MSMEs cannot afford prolonged legal battles. Our services are designed to offer quick, effective resolutions at competitive costs, ensuring that your business gets back on track without delay.
Personalized Service: Each MSME’s situation is unique. We provide tailored solutions that reflect the specific circumstances of your case, ensuring the most appropriate and effective legal strategy is deployed.
Proven Track Record: Our history of successfully recovering outstanding payments for clients demonstrates our ability to deliver results. We approach each case with determination, professionalism, and a focus on achieving the best possible outcome for your business.

At dCorpo Legal, we are committed to empowering MSMEs by ensuring they get what they’re owed, swiftly and legally. Let us be your trusted partner in navigating the debt recovery process and securing your business’s financial health.