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TypeBare Act JurisdictionCentral Government

Micro, Small and Medium Enterprises Development Act, 2006 Section 15

Liability of Buyer to Make Payment

~1 min read
https://sooperkanoon.com/act/22191

Bare act section · Research

About this section

Micro, Small and Medium Enterprises Development Act, 2006 Section 15 is part of Micro, Small and Medium Enterprises Development Act, 2006 - Liability of Buyer to Make Payment. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Where any supplier, supplies any goods or renders anyservices to any buyer, the buyer shall make payment therefor on or before thedate agreed upon between him and the supplier in writing or, where there is noagreement in this behalf, before the appointed day:

Provided that in no case the period agreed upon between thesupplier and the buyer in writing shall exceed forty-five days from the day ofacceptance or the day of deemed acceptance.

Frequently asked questions

What does Micro, Small and Medium Enterprises Development Act, 2006 Section 15 provide?

Section Section 15 of the Micro, Small and Medium Enterprises Development Act, 2006 (Liability of Buyer to Make Payment) is reproduced on this page as part of the Micro, Small and Medium Enterprises Development Act, 2006. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Micro, Small and Medium Enterprises Development Act, 2006 Section 15?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Micro, Small and Medium Enterprises Development Act, 2006 Section 15. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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