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MSMED Act | No Bar In 'filing' Petition Under Section 34 A&C Without Pre-deposit of 75% Award Amount, but Will Not Be 'Entertained' Without Pre-Deposit: Delhi High Court

The Delhi High Court single bench of Justice Jasmeet Singh held that there is no bar in filing a petition under Section 34 of the Arbitration and Conciliation Act, 1996 and the same can be filed...
Vinayak Mehrotra Ajit Singh Joher Harshil Wason Manish Kaushik Mishal Johari Central University
Source: livelaw.in

Amid Sky high Expectations Interim Budget 2024 Leaves MSMEs Wanting More - BW Businessworld

Indias micro, small and medium enterprises (MSMEs) are an “important policy priority” for the government looking at their global significance, says Union Finance Minister Nirmala Sitharaman, , Interim Budget 2024, india, indian economy, msme sector, Indian MSMEs, Delayed Payments, debt, Interim Budget 2024-25
Aditya Gupta Ketan Mehta Varun Poojari Nirmala Sitharaman Omidyar Network India School Of Commerce

When No Limitation Period Is Prescribed, Appeal Must Be Filed Within 'Reasonable Time' Depending Upon Facts Of Each Case: Supreme Court

The Supreme Court has held that when no limitation period has been prescribed for filing an appeal, then such appeal must be filed within a reasonable time, which is to be determined as per facts and...
Ajaib Singh Rajshekhar Rao Justice Sanjay Karol Parthivk Goswami Justice Abhays Oka Judge Bench Of The Supreme Court
Source: livelaw.in

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Byju's Crisis: After EPFO Probe On Delayed Payments, Edtech Giant Pays 97% Of Pending Dues

Edtech giant Byjus on June 27 told Employees Provident Fund Organisation (EPFO) that it has deposited PF dues for the period between August 2022 and May 2023 worth Rs 123.1 crore, Moneycontrol reported quoting people who requested anonymity. Byjus also told EPFO that it will be remitting the balance Rs 3.43 crore within next two days, the report added.
New Delhi Zulfiquar Memon Foreign Exchange Management Ministry Of Corporate Affairs Provident Fund Organisation Delayed Payments
Source: india.com

Indian MSMEs Financial Horrors Are Alive And Kicking

India has over 6.3 crore MSMEs which contribute approximately 30 per cent to the annual gross domestic product (GDP) and also employ an estimated 23 per cent of the country’s total workforce, , Ministry Of MSME, Indian MSMEs, india, msme, indian economy, economy, Delayed Payments, financial crisis, Ministry of Micro Small and Medium Enterprises, Big Corporations
Tamil Nadu Uttar Pradesh Kanishk Maheshwari Nirav Choksi Madan Padaki Rajya Sabha

Facilitation Council Has Exclusive Jurisdiction To Arbitrate Claims After The Supplier's Registration Under The MSMED Act: Calcutta High Court

The Calcutta High Court has ruled that the date of execution of a contract between a buyer and a supplier under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) is...
West Bengal Garden Reach India General Justice Moushumi Bhattacharya Small Enterprises Facilitation Council Engineers Ltd
Source: livelaw.in

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