Madras HC: MSMED Act Overrides Arbitration Agreement between Parties - 14.04.2022

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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