Where is Judicium Arbitration's Panipat office?
Judicium Arbitration's Panipat office is on GT Road, Panipat 132103, Haryana — the city's main commercial corridor and near the District Court Panipat. Office hours: Monday–Friday, 9:00 AM – 6:00 PM. Phone: +91-9899686394.
Does the Panipat office help MSMEs?
Yes. The Panipat office has deep expertise in the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 — including delayed-payment proceedings before the MSME Facilitation Council, statutory interest claims, and conciliation-arbitration pathways under Section 18 of the MSMED Act.
What industries does the Panipat office serve?
The Panipat office serves the city's textile and handloom industry, oil refining and petrochemicals sector (Indian Oil Panipat Refinery and ancillaries), commodity trading businesses, and the broader MSME base across north Haryana.
How does an MSME recover delayed payments in Panipat?
A registered MSME (with Udyam registration) that has supplied goods or services and not been paid within the agreed period — capped at 45 days under the MSMED Act — can file a reference under Section 18 with the Haryana MSE Facilitation Council. The Council first attempts conciliation and, if that fails, arbitrates the claim, awarding the principal plus compound interest at three times the RBI bank rate. Judicium Arbitration prepares and argues these references for Panipat suppliers.
What interest can a Panipat supplier claim for late payment?
Under Section 16 of the MSMED Act, a defaulting buyer is liable to pay compound interest, compounded monthly, at three times the bank rate notified by the Reserve Bank of India, calculated from the appointed day of payment. This is substantially higher than ordinary contractual interest, which makes the MSMED route powerful for Panipat's textile and manufacturing suppliers; we calculate and pursue the full statutory interest in each claim.