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Continue to ChatDefaulting Buyers exempted from paying 3 times the Bank Interest Rate under Section 16 of the MSMED Act when supplier is ‘medium enterprise’: Calcutta High Court https://www.scconline.com/blog/post/2023/07/20/if-supplier-is-medium-enterprise-defaulting-buyer-need-not-to-pay-interest-three-times-of-bank-rate-calcutta-hc/