The route that works
Steel trade dues are large and time-sensitive: a legal notice within days, Section 138 for bounced cheques, and a summary suit for the balance. Mills and fabricators with Udyam registration can add MSME Samadhaan against corporate buyers.
How dues arise in steel, metals and scrap trading
High-value lots, 15 to 60 day terms, cheque payments and price-fluctuation disputes.
Proof that wins
The claim is built from invoices with weight and grade, weighment slips, e-way bills and LRs, mill test certificates and cheques. 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
- Rate confirmed only verbally when prices move
- Weight disputes with no joint weighment
- Cheques collected but deposited late
Where steel, metals and scrap trading 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.