1. STATUTORY STATEMENT OF CLAIM:
The Claimant supplied commercial goods on tax invoice. Pursuant to Section 15 of the MSMED Act, payment was mandatorily due within forty-five (45) days. The statutory period expired with zero remittance from Respondent.
1. Citizen Voice Ingestion (Phase 1)
22 Indic Languages
🎙️ Laptop Mic Sound Level:
Listening...
🛠️ Mic Hardware Diagnostic Check:
⏳ Checking microphone access...
⏳ Checking Speech Engine...
🔴 LIVE RECORDING: Speak freely...
00:00s
Spoken Transcript (Live Editable):
HuBERT 768-dim (Tamil Accent)
CER: 1.2% | SNR: 23.4 dB
2. Autonomous Pipeline Latency
79.1 ms
Vernacular Voice Ingestion (131 ms)
Delivery Estoppel: CGST Sec 16(2)(b)
Tri-Statutory Clawback: IT 43B(h) & GST
UIDAI Aadhaar e-Sign HITL Gate
Core Banking Auto-Debit (ISO 20022 pacs.008)
3. Dual-Split Financial Recovery
Principal Invoiced:
₹ 10,00,000
MSMED 20.25% Interest:
+ ₹ 42,188
LEG A (MSME Payout):
₹ 10,42,188
IT Sec 43B(h) Tax (26%):
₹ 2,60,000
GST 16(2) ITC + 18% Int:
₹ 2,00,400
LEG B (Govt Treasury):
₹ 4,60,400
TOTAL AUTO-DEBIT:
₹ 15,02,588
MSMED FORM 1
Micro & Small Enterprises Facilitation Council (MSEFC)
FORM 1: APPLICATION FOR ARBITRATION & STATUTORY DELAYED PAYMENT CLAIM
Under Section 18(1) read with Sections 15 & 16 of the MSMED Act, 2006
| Reference No: | MSEFC/TN/CHN/2026/LIVE-VOICE | Filing Date: | 29-10-2026 12:25:00 IST |
| Claimant (Supplier): | Bala Venkat Enterprises (Udyam: UDYAM-TN-02-0081291) | Enterprise Type: | Small Manufacturing Enterprise |
| Respondent (Buyer): | Subiksha Industries Chennai (GSTIN: 33AABCS4412K1Z9) | Invoice Sum: | ₹ 10,00,000 (65 Days Overdue) |
SECTION 16 MANDATORY COMPOUND INTEREST (3x RBI BANK RATE = 20.25% p.a.):
• Principal Claimed: ₹ 10,00,000
• Statutory Compound Interest: ₹ 42,188
• Total Liquidated Demand Payable to Vendor (Leg A): ₹ 10,42,188
• Principal Claimed: ₹ 10,00,000
• Statutory Compound Interest: ₹ 42,188
• Total Liquidated Demand Payable to Vendor (Leg A): ₹ 10,42,188
MSEFC COUNCIL SEAL
TAMIL NADU
TAMIL NADU
Shri S. Ranganathan, IAS
Chairperson, MSEFC
Chairperson, MSEFC