How MSMEs Can Initiate Insolvency Proceedings Against Their Defaulting Buyers

As seen in our previous post, to protect Micro, Small and Medium Enterprises (MSMEs) from the vicious cycle of delayed payments, the MSME Ministry has now interlinked the Delayed Payment Monitoring Portal – MSME Samadhaan with National E-Governance Service Ltd. (NeSL)’s Information Utility (IU). With this new mechanism in place, MSMEs can now directly obtain …

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Beyond Samadhaan: A New Initiative For Speedy Disposal Of MSMEs’ Unpaid Dues

Employing around 120 million people and contributing approximately 30% to India’s GDP, Micro, Small and Medium Enterprises (MSMEs) play a pivotal role in job creation and nation-building. Acknowledging the tremendous potential of MSMEs to help India achieve the $5 trillion economy mark by 2025, the Hon. Union Minister for MSMEs, Shri Nitin Gadkari, recently unveiled his vision …

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