https://www.taxtmi.com/caselaws?id=198266 An independent arbitration agreement is not displaced by Section 18 of the MSMED Act, 2006, because Section 24 overrides only inconsistent provisions and statutory arbitration under Section 18(3) operates within the Arbitration and Conciliation Act, 1996. The Facilitation Council therefore cannot bypass a contractual arbitration clause and move directly to arbitration under Section 18(3). Section 18 is also wide enough to permit a buyer to invoke the Council in disputes concerning amounts due under Section 17, including acceptance, deemed acceptance, and billing disputes. Conciliation under Section 18(1) and (2) remains mandatory before any arbitral step, and the parties must first undergo that process before the Council. en-us Fri, 27 Aug 2010 00:00:00 +0530 Thu, 10 Aug 2023 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198266 An independent arbitration agreement is not displaced by Section 18 of the MSMED Act, 2006, because Section 24 overrides only inconsistent provisions and statutory arbitration under Section 18(3) operates within the Arbitration and Conciliation Act, 1996. The Facilitation Council therefore cannot bypass a contractual arbitration clause and move directly to arbitration under Section 18(3). Section 18 is also wide enough to permit a buyer to invoke the Council in disputes concerning amounts due under Section 17, including acceptance, deemed acceptance, and billing disputes. Conciliation under Section 18(1) and (2) remains mandatory before any arbitral step, and the parties must first undergo that process before the Council. Case-Laws Indian Laws Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198266