Supreme Court settles applicability of Limitation Act and maintainability of counterclaims under MSMED Act: Silpi Industries vs. Kerala State Road Transport Corporation (29 June 2021)
Supreme Court Clarifies Applicability of Limitation Act and Counterclaims in MSMED Act Arbitrations Introduction Date of the Judgment: 29 June 2021 Judges: Ashok Bhushan J. and R. Subhash Reddy J. Can a buyer raise a counterclaim in arbitration proceedings initiated by a supplier under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)? […]