Oil Corporation Ltd. v. FEPL Engineering (P) Ltd.,C.M. No. 19356/2019 - Synopsis
Team SoOLEGAL 24 Aug 2020
In the case,Indian Oil Corporation Ltd. v. FEPL Engineering (P) Ltd.,C.M. No. 19356/2019, the Delhi High Court  held that the jurisdiction of the Facilitation Council under Section 18(4) of MSME Act, which is decided on the basis of location of the supplier, only determines the ‘venue’ and not the ‘seat’ of arbitration. Thus, if the parties have entered into an agreement on the ‘seat’ of arbitration, it will not cease to be in effect due to Section 18(4).
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