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 in Delhi
Delhi’s wholesale markets in Chandni Chowk, Gandhi Nagar, Okhla and Bawana run on long informal credit, and a large share of suppliers also sell to government departments and PSUs where payments stall in paperwork. Delhi’s dedicated Section 138 courts move faster than most, and MSME Samadhaan applies fully to government buyers.
Scheduled deliveries against open POs, vendor portals, 60 to 120 day terms, bill discounting and frequent debit notes for PPM rejections.
Proof to collect
Typically schedules and POs, ASN and GRN records, portal acknowledgements, quality reports and the vendor agreement.
- Avoid: portal-based acceptance with no paper trail saved
- Avoid: debit notes accepted silently
- Avoid: price revisions agreed verbally
- Avoid: fear of losing the business, which lets dues age past a year
Forums in Delhi
| Route | Forum |
|---|---|
| Section 138 (cheque bounce) | Metropolitan Magistrate courts at Tis Hazari, Patiala House, Saket, Karkardooma, Rohini, Dwarka and Rouse Avenue for Section 138 |
| Summary suit / recovery suit | District Commercial Courts for recovery suits |
| MSME Samadhaan | Delhi Micro and Small Enterprises Facilitation Council (detail) |
| Arbitration | As per the contract clause |
How FundRaksha works for auto components and ancillaries suppliers in Delhi
- Free assessment of the documents your trade produces.
- Notice within 24 hours, itemising invoices, disputed and undisputed amounts and interest.
- Negotiation and documented settlement.
- Filing in Delhi or before the Council if needed.
30% on recovery, nothing upfront.