MSME Samadhaan Lawyers and Legal Consultants
MSME Samadhaan Lawyers and Legal Consultants are legal professionals who specialize in assisting Micro and Small Enterprises (MSEs) with the recovery of delayed payments through the MSME Samadhaan portal and the legal mechanisms provided by the MSMED Act, 2006.
Filing Claims for Delayed Payments: These lawyers help MSMEs compile necessary documents (such as invoices, purchase orders, delivery challans, and correspondence) and file online applications on the MSME Samadhaan portal to initiate the payment recovery process.
Legal Representation: They represent MSMEs before the Micro and Small Enterprise Facilitation Council (MSEFC), which is the statutory body responsible for resolving payment disputes. This includes preparing for hearings, presenting evidence, and negotiating settlements.
Advisory on MSMED Act Compliance: Legal consultants guide MSMEs on their rights under the MSMED Act, including entitlement to interest on delayed payments and the process for escalating disputes if buyers do not comply.
Drafting and Sending Recovery Notices: Before formal proceedings, MSME lawyers often draft and send recovery notices to buyers, warning of potential legal action if dues are not cleared.
Execution of Awards: Once the MSEFC passes an award in favor of the MSME (which includes the principal amount and interest for delay), these lawyers assist with the enforcement and execution of such awards, ensuring the MSME receives the payment within the stipulated timeframe—usually 45 days.
Why MSME Samadhaan Legal Experts Are Important
Specialized Knowledge: They understand the nuances of the MSMED Act and the Samadhaan portal, ensuring applications are filed correctly and efficiently.
Time-Bound Resolution: The MSME Samadhaan mechanism is designed for quick dispute resolution, typically within 90 days, making legal consultants vital for navigating tight deadlines and maximizing the chances of recovery.
Interest Recovery: Legal consultants ensure that MSMEs not only recover the principal amount but also the statutory interest (up to 21% per annum) on delayed payments, as mandated by the Act.
| Service Area | Description |
|---|---|
| Application Filing | Preparing and submitting claims on the MSME Samadhaan portal |
| Legal Representation | Representing MSMEs before the Facilitation Council and during hearings |
| Compliance Advisory | Advising on MSMED Act rights, obligations, and compliance |
| Recovery Notices | Drafting and sending formal payment recovery notices to buyers |
| Award Enforcement | Assisting in the execution of MSEFC awards for timely payment recovery |
MSME Samadhaan Lawyers and Legal Consultants are essential partners for MSMEs seeking to recover delayed payments efficiently, leveraging the MSME Samadhaan portal and legal provisions to secure both outstanding dues and interest, while ensuring compliance with all statutory requirements.
Best Legal Advisor in India Ajay Gautam Advocate
