The Ministry of Micro, Small & Medium Enterprises (MSMEs) has issued a press release on filing of grievances & monitoring of the outstanding dues to the Micro and Small Enterprises (MSEs). This release was issued on 13th March, 2023.
When a buyer does not make payment to the supplier (MSE) for his supplies within 45 days of the acceptance of the goods/service rendered, then the buyer is liable to pay a compound interest with the monthly rests to the supplier on the amount at the three times of the bank rate notified by RBI.
For ease of filing of grievances & for monitoring of the outstanding dues to the Micro and Small Enterprises (MSEs) from the buyers of goods and services, the Ministry of MSME launched a portal, viz. Samadhaan portal on 30th October, 2017.
As per the details received from Department of Public Enterprises (DPE) “ Commercial dispute between NTPC and HSCL is pending with the Committee of Secretaries (CoS). However, the new mechanism namely Administrative Mechanism for Resolution of CPSEs Disputes (AMRCD) wherein two tier structure has been introduced to resolve commercial disputes, only between: (i)Central Public Sector Enterprises (ii) (CPSEs) inter se; and CPSE(s) and Center/State Government Department(s)/Organization(s) through the administrative Ministry/Department of the concerned CPSEs. Any dispute with the private party does not come under the purview of the AMRCD”.