Pre-Deposit Of 75% Of Awarded Amount U/s 19 MSMED Act Mandatory While Preferring Application To Set Aside Arbitration Award: Supreme Court
LIVELAW NEWS NETWORK
9 Oct 2021 11:34 AM IST

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9 Oct 2021 11:34 AM IST
The Supreme Court observed that the the requirement under Section 19 of the Micro, Small and Medium Enterprises Development Act of deposit of 75% of the awarded amount as a pre deposit while preferring the application/appeal for setting aside the award, is mandatory.In this case, the High Court of Uttarakhand upheld the order passed by a Additional District Judge (Commercial), Dehradun in...
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