NPA (Non-Performing Accounts) Policy
Any account where the Client fails to make payment for 30 days from the due date shall be classified as NPA (Non-Performing Account).
In the event of NPA:
- Services including hosting, development, deployment, or support may be suspended without further notice.
- An additional reinstatement fee of ₹3,000/- or 10% of project value (whichever is higher) shall be applicable to resume services.
- If the delay crosses 60 days, the Company reserves the right to permanently suspend the project and initiate legal recovery of dues.
- Any costs incurred for recovery of payments (legal, administrative, or third-party collection) shall be borne by the Client.
Effective Date: 21st September 2023
Approved By: Board of Directors, GoToSIOC Technologies Private Limited
Implementation Date: 21st September 2023
