https://www.taxtmi.com/caselaws?id=226182 Participation in arbitration and an express or implied agreement to extend time can prevent a party from later invoking section 14 of the Arbitration and Conciliation Act, 1996 to treat the sole arbitrator's mandate as terminated; on the facts, the mandate was held not to have lapsed. The Court also held that claiming micro-enterprise status under the MSMED Act, 2006 does not by itself displace a valid contractual arbitration clause, because the statutory forum under section 18 is not exclusive unless there is real inconsistency; no such inconsistency was shown, and the ongoing arbitration remained maintainable. en-us Thu, 04 Apr 2013 00:00:00 +0530 Sat, 20 Apr 2013 21:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226182 Participation in arbitration and an express or implied agreement to extend time can prevent a party from later invoking section 14 of the Arbitration and Conciliation Act, 1996 to treat the sole arbitrator's mandate as terminated; on the facts, the mandate was held not to have lapsed. The Court also held that claiming micro-enterprise status under the MSMED Act, 2006 does not by itself displace a valid contractual arbitration clause, because the statutory forum under section 18 is not exclusive unless there is real inconsistency; no such inconsistency was shown, and the ongoing arbitration remained maintainable. Case-Laws Companies Law Thu, 04 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226182