For manufacturer and service provider, there is MSME samadhan portal, is there any such mechanism for trader from where he can ask for non payment of money related to Goods sold?
Replies (3)
Quick Summary
Traders seeking to recover unpaid dues for goods sold have limited options compared to manufacturers and service providers. While the MSME Samadhan portal is not applicable, legal recourse such as filing a recovery suit based on invoices and receipts is available. Be aware that this process can take approximately 1.5 to 2 years, but may result in the recovery of the principal amount, interest, and legal costs.
Appropriate remedy for you is to file a suit for recovery. the case will be filed on the basis of your invoices, receipts and other documents available with you. the matter may take anything around 1.5-2 years. you will get interest along on principal along with principal amount and also cost for proceedings.