MSMED Act 2006 · ODR-ready · Built by a CA

Aapka payment atka hai.
The law is on your side — use it.

File your delayed-payment claim, compute statutory interest at 3× the RBI bank rate, send a demand notice the buyer's auditor can't ignore, and escalate to the MSME ODR portal — sab kuch ek engine me.

₹22,363 Cr+stuck in pending MSME claims nationally
90 daysMSEFC mandate to resolve your reference
16.50% p.a.compound interest the buyer owes you
VR-2026-00184 Interest accruing
Buyer · Meridian Infra Projects Pvt Ltd · 27AABCM4412P1ZQ
Total recoverable today
₹5,42,716.20
+ ₹42,716.20 statutory interest · ticking
StageNotice sent · 43B(h)
Appointed day11 Feb 2026
NextODR filing
Sec 163× bank rate, monthly compounding
75% pre-depositif the buyer wants to appeal
The problem

Credit pe maal de diya. Payment 45 din me aana tha. Aaj 8 mahine ho gaye.

Most sellers chase on WhatsApp, lose the relationship anyway, and never claim the interest the statute already grants them. The buyer's cost of delaying you is zero — until you make it expensive.

45 daysMaximum credit period the law allows — even if the buyer "agreed" to 90 (Sec 15)
3× bank rateCompound interest, monthly rests, automatic — no contract clause needed (Sec 16)
43B(h)The buyer loses the tax deduction on your unpaid bill until they pay you
odr.msme.gov.inAll new delayed-payment cases now file through the ODR portal — fully online
How it works

Six steps. Documents se recovery tak.

STEP 01

File your claim

Upload invoices, agreement, GST & KYC documents. Buyer identified by GSTIN. Appointed day computed automatically.

Sec 2(b) · 15, MSMED Act
STEP 02

Claim verified

A Chartered Accountant verifies your ledger and dues — every claim is document-backed, not an allegation.

CA certificate with UDIN
STEP 03

Interest computed

Statutory compound interest at 3× the RBI bank rate, month-by-month schedule, court-ready.

Sec 16 · Sec 24 overrides
STEP 04

Demand notice

One letter citing MSMED + the 43B(h) tax disallowance + Form 3CD Clause 22. CFO ko CC karo — payment often follows.

Sec 43B(h), Income-tax Act
STEP 05

ODR filing

Still unpaid? We prepare your reference for the MSME ODR portal — conciliation, then arbitration.

Sec 18 · 90-day mandate
STEP 06

Recover with interest

Award in hand. Buyer wants to challenge? 75% deposit first. The equation has flipped.

Sec 19, MSMED Act
Your legal arsenal

Yeh sections aapke weapons hain. Humne unhe software bana diya.

§15

The 45-day wall

Whatever the PO says, payment beyond 45 days of acceptance is a statutory default. No agreement? 15 days.

§16

Interest that compounds against them

3× RBI bank rate, compounded with monthly rests, from the appointed day. Currently ~16.5% p.a. The buyer cannot contract out of it.

43B(h)

The auditor's pressure point

The buyer's expense on your unpaid bill is disallowed in their tax computation until paid. Their own CA becomes your follow-up team.

§19

The 75% lock

To challenge an MSEFC award, the buyer must first deposit 75% of it. Delay stops being a free strategy.

Try it now

Kitna interest banta hai? 10 second me dekho.

Statutory rate: 16.50% p.a. (3 × RBI bank rate 5.50%) · auto-updated
Interest the buyer owes you, as of today
₹ —
File this claim →
FAQ

Common questions

Mera Udyam registration nahi hai — kya main claim kar sakta hoon?

MSMED Act delayed-payment remedies are for registered Micro and Small enterprises. Udyam registration is free and online — get it first; remedies generally apply to supplies made while registered. Medium enterprises can still use the demand-notice and civil routes.

Buyer relation kharab ho jayega?

The first step is a professional demand notice, not litigation. In practice, the 43B(h) tax angle lets the buyer's own finance team push the payment internally — aapko villain banne ki zaroorat nahi.

Interest rate kaise update hota hai?

The statutory rate is 3× the RBI bank rate prevailing during the delay. Our system syncs the bank rate from RBI automatically and applies it period-wise in the computation schedule.

Kya yeh legal advice hai?

No. VittSphere Recover is a document-automation and case-preparation engine. Where representation before a Council or court is needed, we help you work with an advocate. CA-verified claims, statute-based computations — but your counsel signs off on litigation strategy.

Start today

Har din ka delay buyer ke liye costly hai —
par sirf tab, jab aap claim karo.

Free account banao, pehla claim file karo. Interest aaj se nahi — appointed day se count hota hai.

Create free account →