Government of India
Ministry of Micro, Small & Medium Enterprises
As per the Section 8 of Insolvency and Bankruptcy Code, 2016 (IBC Code), an operational creditor of a company can serve a demand notice on occurrence of default in payment on the due date.
In case of non-receipt of payments of Rupees One lakh and above, the operational creditors can initiate a corporate insolvency resolution process under the provision of Section 9 of the IBC Code.
For the convenience of Micro & Small Enterprises (MSEs), we have now integrated the `MSME Samadhaan’ portal with the `Information Utility (IU)’ of National e-Governance Services Ltd. (NeSL) enabling following steps.
1. MSEs, while registering a complaint on Samadhaan Portal, may give their consent to share their outstanding or unpaid invoices details on the NeSL IU.
2. The NeSL will send a link to those MSEs for logging into NeSL-IU and puffing their respective digital signatures attesting the information on the Samadhaan.
3. The NeSL will upload the copy of unpaid invoices and put pressure on the companies to make the payments.
Once MSEs give their consent, the communication/information could then be shared to the other lenders like Banks, NBFCs, rating agencies and other MSMEs concerning the defaulting buyers as a means to create pressure on them for clearance of the outstanding payments.
For any clarification, MSMEs may write to NeSL on firstname.lastname@example.org or call on 1800 599 2345 or visit www.nesl.co.in.