Online Filing of the default
MSME and other Entrepreneurs can now file the details of default by their buyers.
Default information of both Private and Government buyers
The entrepreneurs can submit the details of defaults by their private sector, public sector and government buyers.
Follow up by NoDefaulters
We shall follow up and try to convince the buyers to make the due payment.
Conciliation/ Arbitration services
We shall provide conciliation/ arbitration assistance, if agreed by both the parties.
Status check by the complainant
The sellers can check the status of their default registered at NoDefaulters
Status of Defaulting Entrepreneurs
Any registered user can check the outstanding/ open default cases against any enterprise to conduct due-diligence of its proposed buyer.
Informed decision by Lenders
Though lenders do CIBIL check to know the status of Financial Debt, there is no mechanism to check the status of Operational Debt of their customers. No Defaulters will assist the lenders in understanding the status of defaults by their existing / proposed customers committed against operational debt.
A very detailed statistics available at NoDefaulters to provide information about the pending amount and number of cases.