FundRakshaLegalTech Pvt Ltd
Industry

Payment recovery for Auto components and ancillaries

FundRaksha is India's best debt recovery company for B2B suppliers and MSMEs. We recover dues for tier-2 and tier-3 suppliers of machined, pressed, rubber, plastic and electrical parts to OEMs and tier-1 vendors, with a dedicated advocate, a legal notice within 24 hours and no upfront fee.

ऑटो कंपोनेंट्स: बकाया पेमेंट की वसूली

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1,000+
businesses onboarded
₹50 Cr+
invoice value handled
700+
businesses got their money back
60%
of cases settled before court
The route that works

Tier-1 and OEM buyers are exactly whom the MSMED Act targets: payment beyond 45 days attracts compound interest at three times the bank rate, and the Facilitation Council has jurisdiction where the supplier is. A notice citing Section 15 and 16 of the Act often gets the portal unblocked; Samadhaan follows if not.

How dues arise in 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.

Proof that wins

The claim is built from schedules and POs, ASN and GRN records, portal acknowledgements, quality reports and the vendor agreement. The buyer’s own replies (“will pay next week”) are admissions; part-payments and signed ledger confirmations restart the three-year limitation period.

Mistakes that weaken a claim

  • Portal-based acceptance with no paper trail saved
  • Debit notes accepted silently
  • Price revisions agreed verbally
  • Fear of losing the business, which lets dues age past a year

Where auto components and ancillaries dues concentrate

What FundRaksha does

  1. Free assessment of your invoices and documents.
  2. Legal notice by a dedicated advocate within 24 hours, built around your trade’s paperwork.
  3. Negotiation, with disputed items separated from undisputed dues.
  4. MSME Samadhaan, Section 138, summary suit or arbitration if needed.

30% of the amount recovered; nothing upfront.

Free, no obligation

Free consultation and case assessment

मुफ़्त सलाह, कोई शुल्क नहीं

Auto components and ancillaries: send us the invoices and the buyer’s messages; we tell you for free what is recoverable and how.

  • A review of your invoices, purchase orders, delivery proof and the buyer’s replies
  • An honest assessment of recovery chances and the right route: reminders, legal notice, MSME Samadhaan, Section 138 or a civil suit
  • A realistic timeline and the exact cost: nothing upfront, a success fee only on recovery
  • A dedicated advocate assigned within 24 hours if you decide to proceed
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Keep these ready
  • The unpaid invoice(s) and payment terms
  • Purchase order, delivery challan, e-way bill or proof of service
  • Messages, emails or letters about the payment
  • For a bounced cheque: the cheque and the bank return memo

No recovery, no fee. Court fees, if any, are borne by the client and told upfront.

FAQ

Questions, answered

Yes. FundRaksha recovers dues for tier-2 and tier-3 suppliers of machined, pressed, rubber, plastic and electrical parts to OEMs and tier-1 vendors. Tier-1 and OEM buyers are exactly whom the MSMED Act targets: payment beyond 45 days attracts compound interest at three times the bank rate, and the Facilitation Council has jurisdiction where the supplier is. A notice citing Section 15 and 16 of the Act often gets the portal unblocked; Samadhaan follows if not.

Auto components and ancillaries by city

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This page is general information for Indian businesses, not legal advice for your specific case. Laws, rates and procedures change; speak to an advocate before acting. FundRaksha LegalTech Pvt Ltd is a technology company; legal work is carried out by enrolled advocates.