Lok Sabha Passes MSME Bill to Resolve Payment Disputes Within 90 Days

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The Lok Sabha has passed a new bill aimed at addressing long-standing payment delay issues faced by micro, small, and medium enterprises. The legislation makes mediation in disputes mandatory, with a strict deadline of 90 days for completion. Courts will be required to release at least 50 percent of any disputed awarded amount to MSMEs if an appeal extends beyond six months. The bill is designed to speed up dispute resolution and improve cash flow for smaller businesses. It marks a significant legislative step toward strengthening financial protections for the MSME sector.

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