Msmed act 2006

Arun (Querist) 18 July 2015 This query is : Open
We are an SSI unit registered with DIC since 1992.

Filed a case of delayed payment last year for a project executed by us in 2005.

Proceedings completed with the Arbitrator passing an order in our favour but allowed interest only from the date of filing and not from the 2005.

The opposite party has approached the district court to set aside the award claiming that the Act cannot apply retrospectively.

That's only a brief ides about the case.

Need expert advise on the matter.

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