we are registered under the MSME act and our supplier is also MSME
our MSME supplier has not paid payments over 1 year in that case can we send Notice under MSME act
Communicate: Send reminders, emails, and letters to the supplier.
Escalate: Reach out to the suppliers's higher management or owners.
Legal Notice: Send a legal notice demanding payment.
MSME Samadhan: File a complaint on the MSME Samadhan portal (www.samadhan.msme.gov.in)
Arbitration: Initiate arbitration proceedings if specified in the agreement.
Legal Action: File a suit for recovery in a civil court.
Grievance Redressal Cell: contact the MSME development and Facilitiation center's grievance redressel cell.
Remember to keep records of all communication and transactions.
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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