M/s Steel Authority of India and Anr. v. MSEFC - Synopsis
Team SoOLEGAL 30 Jul 2020

In the case, M/s Steel Authority of India and Anr. v. MSEFC, WRIT PETITION NO. 2145/2010, the arbitration undertaken in compliance with Section 18 of the  Micro, Small and Medium Enterprises Development Act, 2006 does not vary from arbitration under arbitration clause, as both are regulated by the Arbitration Act provisions. The non-obstant clause referred to in Section 24 is also inapplicable, as it does not extend to anything contrary to Sections 15 to 23. Furthermore, while Section 18 presents a forum for arbitration, it does not render an independent arbitration agreement ineffective.


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