Seller's financing security

Seller's financing security

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Gaurav Arya started this petition to Narendra Modi and

Government have made strict law and security for recovery of government taxes like GST, Income taxes. But there is no such law or security for recovering businessmen hard earned money.

As we know that majority of factory/wholesale businesses in India are running on sellers financing. Factories/Wholesellers have to sell their goods to buyers on credit. Now if buyer don't want to pay seller dues, then in India there is no such strict law to recover sellers money and within time. Even if sellers file a complaint against buyer for their dues amount then also no any police proceeding or action should be taken by our Indian judiciary. The case will most probably goes in cold box. By chance if court summons buyer then buyers will mostly gave fake excuses of inferior material quality or so on.. So ultimately sellers can't able to recover their dues. That's the darkest reality of Indian business sector.

If sellers money became safer than it will make a positive impact on whole business sector. And due to this, globally it will improves India ranking in "Ease of doing business". 

So we request "Ministry of Commerce & Industry" & "Ministry of Law & Justice" to intervene in this matter. Make a strict law to recover factories/wholesellers hard earned money from buyers within 1 week time and makes India a better place of doing business.

 

 

 

 

 

 

 

 

 

 

 

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