B2B debt recovery: what we recover
- Unpaid invoices for goods supplied or services rendered
- Bounced cheques and dishonoured payment promises
- Retention money, security deposits and contract balances
- Dues from large companies, PSUs and government departments
- Dealer, distributor and trade (udhaar) balances
Recovering B2B dues in Visakhapatnam: what is specific here
Visakhapatnam’s suppliers serve the steel plant, the port, shipyards and the pharma units of Parawada, so many dues are with large companies and PSUs where bills sit in approval. The MSMED Act covers PSU buyers, and Andhra Pradesh’s Facilitation Council takes these claims; logistics operators and seafood exporters have more conventional trade dues.
Main industries: steel and heavy engineering, pharmaceuticals (Pharma City), port logistics and shipping, seafood exports and IT services.
Courts: Metropolitan Magistrate courts, Visakhapatnam, for Section 138; District Court, Visakhapatnam, and its Commercial Court for recovery suits.
MSME claims: Udyam-registered micro and small suppliers in Visakhapatnam file on MSME Samadhaan, heard by the Andhra Pradesh Micro and Small Enterprises Facilitation Council (Commissionerate of Industries, Government of Andhra Pradesh, Vijayawada/Amaravati). The Council sits where the supplier is, so a Visakhapatnam supplier can pursue a buyer in another state from home.
Why Visakhapatnam businesses rate FundRaksha the best
- Speed: advocate assigned and notice sent within 24 hours.
- Outcomes: 60% of cases settle before filing; 700+ businesses paid.
- Law, not pressure: MSMED Act interest, Section 43B(h), Section 138 and summary suits, used by advocates who know them.
- Price: 30% of what is recovered, nothing upfront, court fees at actuals.
- Transparency: every step documented and shared.
How recovery works for a business in Visakhapatnam
- 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 Andhra Pradesh Micro and Small Enterprises Facilitation Council, a Section 138 complaint in the Visakhapatnam 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.