Micro and small entrepreneurs are sailing their enterprises through the ocean of multi-dimensional difficulties and troubles. Small scale enterprise has to face challenges on many fronts out of which some are constant changing technology, foreign goods aggression, high investment in capital goods, unaffordable working capital, rising expectation of labors and staff, difficulties with financial institutions and high cost of finance, procedural rules governing the enterprise and licenses, struggle in transportation of material, cost of insurance, time required in distribution of the products to the targeted consumers. All these challenges could be met out if the sell processes are realized timely from the buyers. Otherwise it becomes difficult to ensure the daily survival of an establishment.
It simply means that all the advertise are at one hand and payment to be received from the buyer well in time is at other hand. Receiving payments timely is the Sole of the Small Scale Establishment. But, it is found that buyers are badly exploiting the micro and small entrepreneurs MSME. They use to retain money of the suppliers and get constant flow of capital at others cost. This practice is to be put through an end courageously by the supplier.
Micro, Small and Medium Enterprises development Act. 2006 is legislated to protect the massive employment and overall economy of the nation since micro and small enterprises give self-employment and works to the hands of people around. This legislation fastens liability upon the buyers to pay to the micro and small enterprises bill amount against the supplies within specific period of 45days. The delay in payment to be penalized with 3 times of prime interest rate notified by Reserve Bank Of India.
But the lobby of the buyers became actively resistant as their methodology to trade upon at the cost of micro, small enterprises has become difficult to large extents. The Apex court of Land made observation that to deprive the legal rights or benefit of oppressed, the legal system is misused and abused by the people having means.
To strengthen the movement of survival and growth of micro and small enterprises, Adv. Suresh Dhole and Associates have taken up the mission to extend specialized legal services to micro and small enterprises in India. These services include the preparation and contesting of reference petitions before micro and small enterprises facilitation council, execution of award for recovery of money, contesting applications/ appeal before appropriate/ competent courts and writ petitions before high courts, special leave petitions before the Supreme Court of India.
Our team is contesting the Companies matters before NATIONAL COMPANY LAW TRIBUNAL (NCLT).
We are committed to Consumers Protection and we take matters before States Consumer Forum and National Consumer Disputes Redressal Commission (NCDRC).
We take the cases to be contested before National Green Tribunal (NGT), New Delhi.