MSMED Act · §16
productYour buyer owes you.
The law owes you interest.
Baaki tracks your overdue B2B invoices, auto-computes statutory interest at 3× the RBI Bank Rate under Section 16 of the MSMED Act, 2006, and prepares a demand notice you can serve — then escalate through MSEFC / Samadhaan if the buyer still won't pay.
From stuck invoice to statutory recovery
The MSMED Act, 2006 already entitles you to interest and a fast-track dispute forum. Most MSMEs never claim it because the process is opaque. Baaki makes it a checklist.
Log the invoice
Capture buyer details, invoice & acceptance dates, and the 45-day statutory credit-period cap. Attach a documentary evidence checklist.
Auto-compute interest
Baaki applies the dated RBI Bank Rate for each month × 3, with monthly rests, per Section 16 — the exact statutory basis, not a guess.
Generate demand notice
A templated notice with statutory citations, principal and accrued interest, ready to review, export as PDF, or send by email.
Escalate to Samadhaan
If unpaid past 45 days post-notice, track the case through MSEFC conciliation and arbitration under Section 18 — or engage the Legal Desk.
What is your buyer really costing you?
Punch in one overdue invoice and see the statutory interest accruing under Section 16 — computed at 3× the dated RBI Bank Rate with monthly rests, as of today.
Interest is compounding across 19 monthly rests. Every month unpaid adds roughly ₹4,176 more.
Estimate only, using a curated dated RBI Bank Rate table. Not legal advice — verify with counsel before serving any notice.
Explore a real case file
This is Baaki's working prototype running on mock invoices. Pick a case, then switch tabs to see the statutory interest breakdown, the evidence score, the stage tracker, and the generated demand notice.
| Period | Days | RBI Rate | ×3 (p.a.) | Base | Interest |
|---|---|---|---|---|---|
| 15 Dec 2024 → 15 Jan 2025 | 31 | 6.75% | 20.25% | ₹4,50,000 | ₹7,739.00 |
| 15 Jan 2025 → 15 Feb 2025 | 31 | 6.75% | 20.25% | ₹4,57,739 | ₹7,872.00 |
| 15 Feb 2025 → 15 Mar 2025 | 28 | 6.75% | 20.25% | ₹4,65,612 | ₹7,233.00 |
| 15 Mar 2025 → 15 Apr 2025 | 31 | 6.75% | 20.25% | ₹4,72,845 | ₹8,132.00 |
| 15 Apr 2025 → 15 May 2025 | 30 | 6.25% | 18.75% | ₹4,80,977 | ₹7,412.00 |
| 15 May 2025 → 15 Jun 2025 | 31 | 6.25% | 18.75% | ₹4,88,389 | ₹7,777.00 |
| Total statutory interest | ₹46,165 | ||||
| Grand total recoverable (principal + interest) | ₹4,96,165 | ||||
Rates drawn from a curated, dated RBI Bank Rate table. Compounded with monthly rests as required by Section 16. Demo figures — verify with counsel before serving.
Cheaper than the interest you're losing
Start with one case, then scale. Waitlist members lock founding pricing. Prices are indicative for Phase 1 and will be confirmed at launch.
Pay-per-case
Recover a single stuck invoice, end to end.
- 1 case file
- Statutory interest engine
- 1 demand notice (PDF + email)
- Evidence scoring
- Samadhaan guidance
Growth
For MSMEs with recurring collection pain.
- Unlimited case files
- 3 demand notices / month
- Priority interest updates
- Case timeline & reminders
- Email delivery receipts
Unlimited
Full recovery ops with advocate priority.
- Everything in Growth
- Unlimited demand notices
- Legal Desk priority access
- Advocate engagement flow
- Dedicated case manager
Get early access & founding pricing
Baaki is in Phase 1 (live demo). Join the waitlist and we'll onboard you the moment the real recovery engine goes live — with locked founding rates.
- Priority onboarding for Udyam-registered MSMEs
- Founding pricing locked for life
- First access to the Legal Desk
Informational tool, not legal advice
Baaki helps Micro & Small Enterprises organise overdue-payment cases and estimate statutory interest under the MSMED Act, 2006. The calculations, notices and case guidance provided are informational only and do not constitute legal advice, nor create an advocate–client relationship.
Always consult a qualified advocate before serving a demand notice or filing before the MSEFC / Samadhaan. Figures shown in this demo use sample data.
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