Commercial’s Treatise on Micro, Small and Medium Enterprises by Rajeev Babel – 2nd Edition 2026.

Treatise on Micro, Small and Medium Enterprises offers an authoritative and comprehensive examination of the legal, policy, and institutional framework governing MSMEs in India. Designed as a definitive reference work by Commercial Law Publishers, this 2nd Edition (2026) systematically presents statutory provisions, regulatory mechanisms, and support structures without unnecessary commentary. It stands as a highly suitable resource for academic study, professional practice, and legal reference.

Unmatched Depth & Structural Organization

The book is meticulously structured into 13 distinct parts comprising 40 chapters, providing in-depth coverage of the evolution of industrial policy, from the Industrial Policy Statements of 1948 to post-1991 reforms.

• Legal Framework: Details the functions and organization of the Ministry of MSME and dissects key legislation, including the Micro, Small and Medium Enterprises Development Act 2006, the Khadi and Village Industries Commission Act 1956, and the Factories Act 1948.

• Government Schemes & Promotion: Comprehensively covers credit-linked subsidy schemes, cluster development programs, technology upgradation initiatives, and support for village/coir industries.

• Financial & Regulatory Mechanisms: Elaborates on priority sector lending norms, RBI guidelines for MSME financing, restructuring of advances, and the specific roles of apex institutions such as SIDBI, NABARD, and MUDRA.

Contemporary MSME Issues

To reflect the realities of the 2026 economic landscape, this edition directly addresses the modern challenges and opportunities impacting small businesses:

• Insolvency & Bankruptcy: Detailed analysis of MSME rights and resolutions under the Insolvency and Bankruptcy Code (IBC), 2016.

• Working Capital & Delayed Payments: Institutional mechanisms for addressing delayed payments and working capital assessments by banks.

• Global Perspectives & Growth: Explores MSME registration, the role of professionals and start-ups, SME exchange listings, and global perspectives referencing OECD entrepreneurship strategies.

Who Should Buy This Book?

• Legal Practitioners & Insolvency Professionals: A definitive desk reference for resolving MSME-related disputes and IBC proceedings.

• Bankers, CAs & Company Secretaries: Essential for guiding clients through working capital assessments, RBI financing guidelines, and SME exchange listings.

• Academicians & Law Students: Provides a structured, reliable academic reference on the evolution and current state of MSME policy.

• Entrepreneurs & Start-ups: A practical guide to understanding governmental support structures, cluster development, and compliance.

About the Author

Dr. Rajeev Babel (FCS & IP) Dr. Rajeev Babel is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and an Associate Member of the Indian Institute of Banking and Finance. He is a Certified Independent Director of the Indian Institute of Corporate Affairs and is enrolled as an Insolvency Professional with the IBBI. Dr. Babel brings immense practical expertise to his writing, having worked for 30 years in a managerial capacity within the banking domain at the erstwhile Bank of Rajasthan Ltd. and ICICI Bank Ltd. A passionate academician, he frequently serves as visiting faculty at various prestigious professional and management institutes.

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