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CAN TRADER FILE CASE UNDER MSME ACT

ASHU (ACOUNTANT) (68 Points)

13 January 2024

CAN A TRADER FILE A PAYMENT RECOVERY CASE UNDER MSME ACT???

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5 Replies

sabyasachi mukherjee (27310 Points)
Replied 13 January 2024

What is the nature of trade???

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Sharath chandra (Accountant) (1227 Points)
Replied 13 January 2024

How is nature of trade relevant here?

RAJA P M ("Do the Right Thing...!!!") (128029 Points)
Replied 13 January 2024

@ Ashu,

Can You elaborate with more details...

Bcoz, Many case filed against payment recovery. But Still it's not satisfied by Party who is waiting for the payment...

Sharath chandra (Accountant) (1227 Points)
Replied 15 January 2024

Section 15 to 18 of msme act is relevant.

you can file a case under msme act. and the rule are stricter from this year.

but as raja sir said i am not sure how long it takes and how good and easy the procedure is