Behind Ola Electric’s supplier tussle is a sharp rise in delayed payments

Slower payments, more losses

“According to the MSME Act, the buyer is under a mandatory obligation to pay the supplier (MSME registered) within 45 days. If payment is not made within the stipulated time, interest will be payable on the amount due,” said Gaurav Pingle, partner at Forefront Legal Consulting, a corporate law firm.