TAIT grievance cell aware its members on payment defaulters

Delay of payments in IT Trade was rampant, especially before Pandemic. Post Lockdown of 2020, payment terms changed for good to a considerable extent. There were many instances of even defaults or debt turning bad, due to dispute and various other aspects. This was a bit frequent in IT Trade.

Here is a very inspiring case that may come in handy for the entire IT fraternity across India. It will certainly act as a deterrent for willful defaulters in the business circle.

Trade Association of Information Technology (TAIT) has a grievance cell as well arbitration cell in place, which helps resolve disputes of various kinds and settle the matter, including helping realize the payments from defaulters.

One of the respected TAIT Member, who had difficulty in getting their payment from a customer, approached TAIT. TAIT called both sides for initial counselling, where the matter could not be sorted out. Subsequently, the member decided to file for arbitration with the TAIT panel to get justice.

Arbitration proceeding was initiated and facts were heard by a panel of arbitrators of TAIT in all possible details and decree was passed in due course, where defaulter was asked to pay without any delay.

Defaulter initially avoided paying on some or other pretext, but as time lapsed, he just refused to honour the decree. This was serious, and the TAIT member was determined to teach his defaulting customer a lesson. He pursued it further and took it to Bombay High Court for attachment of defaulting customer’s property on the strength of  TAIT arbitration Panel’s decree.

Persistence always brings desired results. Without stopping even during a pandemic and long lockDown TAIT member continued his efforts and finally got an attachment order against defaulting customer.

TAIT is known for showing the way to others. This inspiring case is being highlighted as a CAUTION to all defaulters in IT Trade. Names of the Parties are withheld and those interested can contact  TAIT Office and get the entire details.

TAIT was founded in 1996 is proactive in maintaining business Hygiene across the market by TAIT members, and also making sure that no Principal/Vendors/Brand Owners would ever hurt our members by indulging in unfair or monopolistic trade practices, Having well connected and enough representation in IT Trade across India.