Madras HC: MSMED Act Overrides Arbitration Agreement between Parties - (14 Apr 2022)
ARBITRATION
Madras High Court has ruled that section 18 of Micro, Small & Medium Enterprises Development Act, 2006 will override the arbitration clause between the parties. The Court has observed that since Section 24 is a non-obstante clause, it gives overriding effect to Sections 15 -23 of the Act.
Tags : MADRAS HIGH COURT MINISTRY OF MICRO SMALL & MEDIUM ENTERPRISES ACT ARBITRATION CLAUSE OVERRIDING NON-OBSTANTE CLAUSE
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