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Author Topic: Arbitration V/s MSMED Act  (Read 1658 times)

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Offline JPranav

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Arbitration V/s MSMED Act
« on: March 27, 2014, 04:55:16 AM »
Ours is a Pvt Ltd Company. One of our Customer is not paying our outstanding payment since last one year.

Since we are Small Enterprise and are registered with District Industries Centre (DIC), we wish to recover the payment with Interest 
through  MSMED Act 2006 (Protection for Micro, Small & Medium Enterprises for recovery of delayed payment with Interest). 
 
However, there is Arbitration clause present in Purchase Order of Customer as per which disputes or differences between the parties
be referred to the Arbitrator of Customer. 

Pls. advise whether Arbitration clause is binding on us i.e. whether  Arbitration overrides MSMED Act ?

Offline saurendra

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Re: Arbitration V/s MSMED Act
« Reply #1 on: December 11, 2015, 03:07:47 AM »
Dear Sir,

I would like to know the status of your case. Have you filed the case before MSEFC or not.
Regards
Saurendra Rautray
Advocate
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