Case Law Analysis
|Madhya Pradesh High Court
Section 16 MSMED Act | Statutory Interest Mandatory on Delayed Payments Even Without Funds: MP HC Directs Compliance Within One Month
Madhya Pradesh High Court reaffirms that MSMEs are entitled to statutory interest under Section 16 of the MSMED Act, 2006, on delayed payments, regardless of government fund constraints. The court directed the state to clear outstanding dues within one month, setting a precedent for enforcement of MSME rights against public bodies.