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Articles

The MSMED Amendment Act 2026: Reinforcing the regime for timely payments

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By Raghavan Ramabadran, Krithika Jaganathan, Deepak Krishnan M
| Bar & Bench Verified
The Micro, Small and Medium Enterprises Development Act, 2006 (“MSMED Act”), was enacted to promote and develop micro, small and medium enterprises. The MSMED Act contains a special mechanism to ensure timely payments unto Micro And Small Enterprises (“MSEs”) and established a dispute resolution mechanism when timely payments were not forthcoming.
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