Note: There are many case laws, where MSME vendors have filed claim in court of law for delay payments and court pronounced order in their favour and instruct the companies to pay principle amount along with interest.Published by CS Divesh Goyal (Practicing Compnay Secretary) Category Corporate...
A facility’s payment practices significantly impact its reputation. Consistently paying vendors on time boosts your credibility and trust among vendors. Having a reputation for reliability can help attract a new vendor and any long-term partnership. Legal Reasons If you make international payments, it...