Permissibility of Arbitration Proceedings by Empanelled Arbitrators under the MSMED Act, 2006
by Hiresh Choudhary* and Surbhi Sharma**
MSEFC
[MSMED Act] Interest for delayed payment allowed even if principal amount already paid: Jharkhand High Court
“The MSMED Act, 2006 is a beneficial legislation with an object to promote and develop micro, small and/or medium enterprises, and the interpretation regarding a reference for the interest component alone would be in consonance with the object of the Act”
Can Micro & Small Enterprises Facilitation Council entertain references to arbitration from ‘Medium Enterprises’ under MSMED Act, 2006? Delhi High Court analyses
The MSMED Act, 2006 is a beneficial legislation for Micro, Small and Medium Enterprises and ought to be construed in a manner that is beneficial to such enterprises.