The route that works
Trust-based trades become recoverable once they are on record: a legal notice setting out the memo and invoices, Section 138 for bounced cheques, and a summary suit for the balance. Industry bodies’ arbitration is sometimes available and faster.
How dues arise in diamonds, gems and jewellery manufacturing
Memo (jangad) and credit sales on trust, 90 to 180 day terms, and post-dated cheques; brokers in between complicate the paper trail.
Proof that wins
The claim is built from jangad or memo slips, invoices, broker confirmations, cheques and bank memos, and messages acknowledging the goods and the price. 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
- Goods given on memo with no signed slip
- Broker deals with no direct confirmation from the buyer
- Cheques held past their validity
Where diamonds, gems and jewellery manufacturing dues concentrate
What FundRaksha does
- Free assessment of your invoices and documents.
- Legal notice by a dedicated advocate within 24 hours, built around your trade’s paperwork.
- Negotiation, with disputed items separated from undisputed dues.
- MSME Samadhaan, Section 138, summary suit or arbitration if needed.
30% of the amount recovered; nothing upfront.