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Surrender K Singal   25 June 2019

Msmed act, 2006

Inspite of long heavy pendency with Indian Courts, the offices of Registrars of various High Courts and their sub-ordinate District Courts are casually scrutinizing the petitions/appeals/applications, more particularly, about proper spacing, legibility of annexures (generally Photostats) etc., overlooking basic legal requirement of pre-deposit, particularly, as per Section 19 of The Micro, Small and Medium Enterprises Development Act, 2006 or maybe similarly for some our Special Acts, like Taxation.

Such callousness of the Court-registry adds to the already long daily cause lists of various Courts, thereby not only increasing the load of works but also pendency of cases, which could have been legitimately rejected/refused with the objection of not accompanied with pre-deposit Bank Draft of 75% of Awarded amount.

Such not entertainable cases under section 34 and Appeals under section 37 of The Arbitration & Conciliation Act, 1996, read with section 19 of The MSMED Act, 2006, if objected to before being listed for hearing, can surely help in squeezing usually long case lists and also save MSEs from the unwarranted costs of engaging Advocates for appearing and then, raising the preliminary objection of such mandatory pre-deposit, to be released to the Arbitral Awardee MSE, suffering for non-payment by Buyers, generally of higher corporate stature or Public Sector / Govt. Departments.



Learning

 3 Replies

DR.VEDULA GOPINATH (ADVOCATE AND CORPORAE ADVISOR)     27 June 2019

dear learned colleague

Please elighten me on the procedural aspect of 75@ deposit  of awardee amount

thanks

dr vedula gopiath

arbitrator

email vgnath@gmail.com

9866013121

Surrender K Singal   27 June 2019

Deposit of 75% of the Awarded amount is a mandatory pre-requisite before filing of any application / appeal against the Award. That can be done by way of Bank Draft in the concerned Court;

Jai Shree Ram !

MALLIK ARJUN   15 November 2020

is writ of certiorari maintanable if award passed exparete and not on merits. any recent case laws

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