Section 16 MSMED Act Protection (20.25% p.a. Compounded Interest)

Recover Unpaid MSME Invoices Legally.
Zero Upfront Cost. Pay ₹999 Post-Approval.

Automated GPT-4o Invoice OCR Verification + Registered Post (RPAD) Legal Notice + Direct MSME Samadhaan ODR Tribunal Filing.

Transparent Hybrid Pricing

₹999Flat Post-Approval+10-15%Success Fee

Success fee is ONLY payable when money reaches your bank account.

GPT-4o Vision OCR

Samadhaan ODR

Real-time Sync

Free Assessment ➔ Approval ➔ ₹999 Fee

1. Details2. Upload3. Review

Defaulter Company Name *

Deficit Invoice Amount (₹) *

Invoice Date *

Agreed Due Date

Section 16 MSMED Statutory Interest20.25% p.a. Compounded

Principal₹4,50,000

Statutory Interest+₹60,376.78

Total Legal Claim₹5,10,376.78

Legal Framework

Why MSME Debt Recovery Works Under Indian Law

The MSMED Act 2006 provides strict statutory protection for registered MSME suppliers.

Section 15 mandates that buyers must settle MSME invoices within agreed date or maximum 45 days. Any clause exceeding 45 days is legally void.

Section 16 mandates statutory compound interest with monthly rests at 3 times the RBI Bank Rate (~20.25% p.a.). Buyers cannot waive this requirement.

If defaulter fails to respond to our Legal Notice within 15 days, we directly file an ODR case on the state MSME Samadhaan Council portal.