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Legal Proceedings Restoration and Conversion for Delayed Payments Dispute. Navigating the complex legal landscape of delayed payments with precision and determination.

The restoration and conversion of legal proceedings initiated by an Association of Small Enterprises against certain respondents for delayed payments....

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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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Supreme Court Allows Appeal Against Council Award for Non-Compliance with Mandatory Arbitration Procedure Under MSMED Act. Council's Order Without Proper Conciliation and Arbitration Proceedings Held Invalid.

The appellant, Jharkhand Urja Vikas Nigam Limited, successor of Jharkhand State Electricity Board, entered into a contract with respondent No.3, M/s. ...

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Bombay High Court Dismisses Writ Petition Challenging Rejection of Intervention Application in Section 34 Arbitration Proceedings. Third Party Cannot Intervene in Section 34 Application Under Arbitration and Conciliation Act, 1996 as It Is a Summary Proceeding Between Award Debtor and Award Holder Only.

The petitioner, Luxury Lifeline, filed a writ petition challenging an order dated 18/12/2017 passed by the Principal District Judge, Nagpur, rejecting...

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Bombay High Court Dismisses Writ Petition Challenging Jurisdiction of Facilitation Council Under MSMED Act, 2006 — Petitioner's Failure to Participate in Conciliation and Adjudication Proceedings Leads to Dismissal.

The Petitioner, Kirloskar Brothers Limited, filed a Writ Petition under Article 226 of the Constitution of India challenging the jurisdiction of the M...

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Bombay High Court Dismisses Writ Petitions Challenging MSME Facilitation Council Reference and Award — Held That Section 18 of MSMED Act, 2006 Does Not Require Prior Agreement for Reference and That Limitation Under Section 34 of Arbitration Act Applies to Setting Aside of Award.

The judgment involves three writ petitions filed by Morarjee Textiles Ltd., its Head of Finance, and its Executive Director and Chairperson, challengi...