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.
Steel, metals and scrap trading in Kolkata
Kolkata’s trade in Burrabazar, Posta and Howrah still runs on relationships and post-dated cheques, so Section 138 and old-fashioned negotiation both matter. Jute mills, foundries and engineering units supply across eastern India and Bangladesh, and distributors here often carry dues for FMCG brands with slow reconciliation.
High-value lots, 15 to 60 day terms, cheque payments and price-fluctuation disputes.
Proof to collect
Typically invoices with weight and grade, weighment slips, e-way bills and LRs, mill test certificates and cheques.
- Avoid: rate confirmed only verbally when prices move
- Avoid: weight disputes with no joint weighment
- Avoid: cheques collected but deposited late
Forums in Kolkata
| Route | Forum |
|---|---|
| Section 138 (cheque bounce) | Metropolitan Magistrate courts at Bankshall Court, Calcutta, and Alipore for Section 138 |
| Summary suit / recovery suit | City Civil Court and the Calcutta High Court Commercial Division for recovery suits. |
| MSME Samadhaan | West Bengal Micro and Small Enterprises Facilitation Council (detail) |
| Arbitration | As per the contract clause |
How FundRaksha works for steel, metals and scrap trading suppliers in Kolkata
- 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 Kolkata or before the Council if needed.
30% on recovery, nothing upfront.