B2B recovery is a legal process, not a phone campaign
Business dues come with paperwork (POs, GST invoices, delivery proof) and with laws written for exactly this problem: the MSMED Act’s 45-day limit and statutory interest, Section 138 for bounced cheques, summary suits for invoices. A B2B recovery company uses those; a consumer agency cannot. FundRaksha’s advocates do, for Hosur suppliers of every size.
Recovering B2B dues in Hosur: what is specific here
Hosur’s SIPCOT belt supplies two-wheeler, EV and electronics majors through a dense network of small component makers with purchase orders and delivery schedules. Buyers that stretch payments beyond 45 days owe statutory interest, and Samadhaan before the Tamil Nadu Council is a practical route for Udyam-registered units.
Main industries: auto and two-wheeler components, electronics and EV manufacturing, engineering, floriculture and granite.
Courts: Judicial Magistrate courts, Hosur, for Section 138; District Court, Krishnagiri, and its Commercial Court for recovery suits.
MSME claims: Udyam-registered micro and small suppliers in Hosur file on MSME Samadhaan, heard by the Tamil Nadu Micro and Small Enterprises Facilitation Council (Commissionerate of Industries and Commerce (MSME Department), Government of Tamil Nadu, Chennai). The Council sits where the supplier is, so a Hosur supplier can pursue a buyer in another state from home.
Common B2B defaults in Hosur
- Auto components and ancillaries: Scheduled deliveries against open POs, vendor portals, 60 to 120 day terms, bill discounting and frequent debit notes for PPM rejections.
- Electronics, electricals and appliances: POs with 45 to 90 day terms for manufacturers; traders sell to dealers on open credit with post-dated cheques.
- Engineering, fabrication and machine tools: Purchase orders with 45 to 90 day terms, frequent “hold” on payments pending inspection, and debit notes for rejections.
- Exporters and export houses: Domestic suppliers to export houses wait on the exporter’s own realisation; exporters themselves face overseas buyers paying late or disputing quality.
How recovery works for a business in Hosur
- Free consultation and case assessment. Send us the invoice, purchase order or delivery proof and the buyer’s messages. We tell you what is recoverable and how.
- Dedicated advocate within 24 hours. Your advocate sends a legal notice as an e-notice the same day and by registered post, with proof of delivery saved.
- Negotiation and settlement. The advocate calls the buyer, explains the consequences and agrees a payment plan. About 60% of our cases close here.
- Filing if needed. MSME Samadhaan before the Tamil Nadu Micro and Small Enterprises Facilitation Council, a Section 138 complaint in the Hosur magistrate courts, a summary suit or arbitration, handled by the same advocate.
You pay nothing upfront. Our fee is 30% of the amount actually recovered; if nothing is recovered there is no fee. Court fees, where a matter is filed, are borne by you and told to you in advance.