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Anonymous

Stealth • 6m

We are a 2 wheeler accessories manufacturer , before covid in 2019 we met a company where we cracked a deal and we provided them the material we manufacture. They were a good company on time payments , good demand. But from nearly 1.5 to 2 years company's production is zero and nearly 26 - 27 lakhs of my payment is pending with them ,and same goes with the stock nearly 30 - 35 lakhs of stock is with me which i made by their oral commitments that made the stock ready we will be producing 10,000 vehicles per month and so on Now many employees have left them including the one who asked us to make the stock ready , the current employees says we are in the process of geeting funds. Should i go legally and file a case on them now? Or should i wait more as lets say i won the case what would happen to the stock i had? My frustration says file a case and bring them to court but my mind says be calm or you may have to scrap the stock you have...🥲

7 replies7 likes

Replies (7)

Anonymous 5
•

Flipkart • 6m

The stock you've built up is now essentially dead inventory that you may have to just scrap or sell at a major loss. This is the risk of over-producing without confirmed orders.

0 replies

Anonymous 4

Stealth • 6m

These situations show why MSME vendors must be very careful with any big client contributing more than 20-30% of sales. Never get overly dependent on one player.

0 replies

Anonymous 3

Stealth • 6m

Look at this as a hard lesson in not over-extending yourself based on verbal promises alone. Even a lucrative order isn't worth it if the client has no payment discipline.

1 replies

Anonymous 2

Stealth • 6m

If it's been 2 years, chances are this company is just stringing you along endlessly. Only legal pressure may make them clear your longstanding dues seriously

0 replies

Sajin
•

Foundation • 6m

They don't have funds. What's the point? Are you wanting them to file bankruptcy? Also how can you own stocks with oral commitments?

0 replies

Anonymous 1

Stealth • 6m

Taking legal action is a double-edged sword. Even if you win, you may not be able to recover the pending dues if the company is truly in financial trouble. And the court process itself could take years.

0 replies

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