Details of Notice Received

  • Authority: Assistant Commissioner, Udhyog, Meerut, Uttar Pradesh
  • Notice Number: 382/2026
  • Legal Basis: Under Sections 20 and 21 of Micro, Small and Medium Enterprises Development Act, 2006
  • Case Reference: Misc. Case No. 382/2026 dated October 21, 2026
  • Receipt Date: October 29, 2026
  • Response Deadline: 15 days from receipt of notice

Claim Details from Supplier

  • Claimant: M/s Together Tech Private Limited, Ghaziabad, Uttar Pradesh
  • Udyam Registration: UDYAM-UP-28-0013794 (Micro Enterprise)
  • Principal Amount Claimed: ₹24,74,028.60 for unpaid supplied goods
  • Interest Claimed: ₹1,00,344.82 (calculated at 16.5% p.a. compounded monthly)
  • Legal Costs Claimed: ₹50,000.00
  • Total Claim Amount: ₹26,24,373.42

Basis of Supplier's Claim

Supplier alleges delivery of goods under 10 tax invoices between June 4, 2026 and August 9, 2026 totaling ₹35,32,024.60. Claims partial payments received totaling ₹10,57,996.00 in three tranches (₹2,88,580.00 on April 9, 2026; ₹3,94,548.00 on September 8, 2026; ₹3,74,868.00 on September 8, 2026), leaving ₹24,74,028.60 principal outstanding. Interest calculated at 3 times RBI bank rate (5.5%) = 16.5% p.a. compounded monthly from statutory due dates (45 days after invoice dates) up to October 3, 2026.

Company's Position and Defense

Banaras Beads disputes the claim, stating that the supplier "has not supplied goods timely and complied other terms of purchase order of the company." Company claims this delay affected their ability to export goods timely to foreign buyers, resulting in denial of future orders for said items. Company asserts the notice "has no basis in the MSMED Act or in any contract" and is not part of any "amount due" under Section 17 of the MSMED Act.

Financial Impact Assessment

  • Maximum Quantifiable Impact: ₹26,24,373.42 if council allows full claim
  • Company Assessment: "Does not have any major financial operation impact on company business"
  • Contingency Status: Potential liability subject to council proceedings

Procedural Requirements

  • Company must submit written response with affidavit within 15 days of notice receipt
  • Required to pay initial cost of ₹3,000 (for claim amount ₹0-5 lakhs slab) via bank draft favoring "Secretary, MSEFC, Meerut Zone, Meerut" or online transfer to Canara Bank Account No. 110008633537 (IFSC: CNRB0018850)
  • Council has authority to proceed with conciliation and arbitration under Sections 18(2) and 18(3) of MSMED Act if response not submitted