Arbitrations under the MSMED Act: Supreme Court clarifies but falls short
-Rajat Joneja and Kartikey Gupta † Introduction The Micro, Small and Medium Enterprises Development Act, 2006 (“Act”) is a comprehensive legislation that intends to ensure smooth flow of credit to small scale enterprises and boost the development of the micro, small, and medium enterprises (“MSMEs”) at an institutional level. Section 18 of the Act envisages a dispute resolution mechanism wherein if a party has a dispute regarding the amounts due under Section 17 of the Act, a