Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order  ||  Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act  ||  Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable  ||  NCLAT Delhi: Advance under Land-Development MoU is not Financial Debt and Cannot Trigger CIRP  ||  NCLAT: NCLT Cannot Change Capital Structure of a Legally Compliant Successful Auction Purchaser  ||  Supreme Court: Endless Investigation and Long Delay in Filing Chargesheet Can Justify Quashing Case  ||  SC: Landowners Accepting Compensation Settlements Cannot Later Claim Statutory Benefits  ||  Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act  ||  Supreme Court: Indian Courts Cannot Appoint Arbitrators for Arbitrations Seated Outside India  ||  Madras HC: Police Superintendent not Liable For IO’s Delay In Filing Chargesheet or Closure Report    

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  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved