https://www.taxtmi.com/caselaws?id=341958 The Supreme Court upheld the validity of Rule 5 of the Madhya Pradesh Micro and Small Enterprises Facilitation Council Rules, 2006. The Court ruled that the rule is in conformity with the Act of 2006, provides a speedy recovery mechanism for micro, small, and medium enterprises, and does not violate Article 14 of the Constitution of India. The Court also held that having multiple remedies for recovery is permissible and does not conflict with other legal provisions. The appellant's appeal was dismissed, and they were ordered to bear the costs of Rs. 50,000. en-us Mon, 17 Apr 2017 00:00:00 +0530 Fri, 21 Apr 2017 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341958 The Supreme Court upheld the validity of Rule 5 of the Madhya Pradesh Micro and Small Enterprises Facilitation Council Rules, 2006. The Court ruled that the rule is in conformity with the Act of 2006, provides a speedy recovery mechanism for micro, small, and medium enterprises, and does not violate Article 14 of the Constitution of India. The Court also held that having multiple remedies for recovery is permissible and does not conflict with other legal provisions. The appellant's appeal was dismissed, and they were ordered to bear the costs of Rs. 50,000. Case-Laws Indian Laws Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341958