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Arbitration

Arbitration under MSME Act

Arbitration under MSME

Arbitration under MSME Act The Micro, Small and Medium Enterprises (“MSMEs”) are regulated under ‘the Micro, Small and Medium Enterprises Development Act, 2006’ (“the MSME Act”) and one of the primary objective of the MSME Act has been to protect the MSMEs from defaulting buyers, who delay/stop the payments to the MSME enterprises. It is a comprehensive legislation that intends to ensure smooth flow of credit to small scale enterprises and boost the development of the micro, small, and medium enterprises  by inter alia providing for Arbitration under MSME Act. The framework of the MSME Act mandatorily requires a buyer of goods...

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