Served from Bengaluru
Debt collection agency in Ludhiana — B2B receivables, recovery and enforcement for businesses owed by Ludhiana companies.
Ludhiana is India's hosiery and bicycle-manufacturing centre; Section 9 petitions against Punjab companies are heard at the NCLT Chandigarh bench.
Served from Bengaluru
Ludhiana matters, run from our head office
Practitioners and field collectors travel to Ludhiana for on-the-ground work. Legal matters run through advocates at the NCLT Chandigarh bench and the local commercial courts.
+91 80 6824 8827 · info@kenstonecapital.inEvery debtor validated before anyone spends a day on it
Every action on record on our collection platform
Nothing filed without your written approval
Three stages, in Ludhiana
What is different about Ludhiana
The forum
Commercial suits are filed at the commercial court for Ludhiana district; appeals go to the Punjab and Haryana High Court at Chandigarh.
If you are a registered MSME
A supplier registered on Udyam as a micro or small enterprise has a route the rest of the market does not: section 15 of the MSMED Act makes payment due in 45 days, and sections 16 to 18 let the supplier refer the unpaid invoice to a Micro and Small Enterprises Facilitation Council instead of filing suit. Interest runs at three times the RBI bank rate, compounded monthly, and a buyer who wants to challenge the award must first deposit 75 per cent of it. Traders are excluded; the registration must pre-date the supply. Punjab runs district-level councils, and Ludhiana's is among the busiest in the state.
The debtors
The debtor base here is hosiery and knitwear, bicycles and bicycle parts, auto components and fasteners, machine tools and light engineering, dyeing and textile processing, sewing machines. The commercial belt runs through the Focal Points phases I to VIII, Industrial Area A and B, Dhandari Kalan and the Gill Road belt.
What we see in Ludhiana
Ludhiana's hosiery trade is brutally seasonal — the winter order book funds the year — and it sells to distributors across north India on terms that stretch until the next season. A supplier who has not recovered by spring is usually being asked to fund the buyer's next cycle, and that is the moment to escalate rather than the moment to extend.
How we work a Ludhiana file
The same six steps on every account, whether it is one invoice or a book. What changes by city is the forum and the ground work, not the method.
- 1
Intake and validation
Before anyone spends a day on your file, every debtor entity is checked: is it still trading, is it the entity that actually contracted with you, and is there anything to recover from. Where a Ludhiana debtor has ceased operating we say so and recommend a write-off — which earns us nothing. That is the point.
- 2
A named practitioner, not a queue
The file is allocated to one practitioner who owns it end to end. You deal with the person working your accounts, not with whoever answers the phone.
- 3
Contact, on record
Every call, every promise to pay and every reminder is recorded on our collection management platform. When a promise breaks, the next step follows from the record rather than from someone's memory — which is what makes escalation a step rather than a fresh start.
- 4
Field work where it is warranted
Practitioners and field collectors travel to Ludhiana for on-the-ground work, including Focal Points phases I to VIII, Industrial Area A and Dhandari Kalan. A field visit is a decision we justify to you, not a line item we add by default.
- 5
The escalation decision, stated honestly
We tell you when a claim is not worth enforcing, and why. Where it is worth enforcing, we tell you which route the facts support — a demand notice, section 138 where a cheque has bounced, a summary suit, or a section 9 petition at the NCLT Chandigarh bench — and what each would cost and take.
- 6
Nothing filed without your written approval
No notice goes out and no matter is filed in your name until you have approved it in writing. The advocate's fee and the court fees are stated separately, before you decide.
What it costs. Recovery is charged as a success fee — a percentage of what is actually recovered, and nothing if nothing is recovered. The DSO Reduction Programme is priced separately, as a seat-based monthly fee. Enforcement is priced case by case, with the advocate's fee and the court or tribunal fees stated as separate lines before you approve anything.
A success fee on its own rewards an agency for working your easy accounts and letting the hard ones go quiet. How recovery is priced, and the three things we do that earn us nothing →
Also in North India
Questions from Ludhiana businesses
Do you have an office in Ludhiana?
No. Kenstone Capital is headquartered in Bengaluru and serves Ludhiana from there. Practitioners and field collectors travel for on-the-ground work, and legal matters are run by advocates from our screened network at the NCLT Chandigarh bench and the local commercial courts. We say this plainly because a debtor will ask, and the answer does not change what we can do.
Where would a Section 9 petition against a Ludhiana company actually be heard?
Commercial suits are filed at the commercial court for Ludhiana district; appeals go to the Punjab and Haryana High Court at Chandigarh.
We are a registered MSME supplier in Ludhiana. Is there a faster route than a suit?
A supplier registered on Udyam as a micro or small enterprise has a route the rest of the market does not: section 15 of the MSMED Act makes payment due in 45 days, and sections 16 to 18 let the supplier refer the unpaid invoice to a Micro and Small Enterprises Facilitation Council instead of filing suit. Interest runs at three times the RBI bank rate, compounded monthly, and a buyer who wants to challenge the award must first deposit 75 per cent of it. Traders are excluded; the registration must pre-date the supply. Punjab runs district-level councils, and Ludhiana's is among the busiest in the state.
Discuss your receivables
Tell us where you are on the curve. A practitioner — not a sales desk — reads every enquiry and replies within one working day.