https://www.taxtmi.com/caselaws?id=198275 Under the Micro, Small and Medium Enterprises Development Act, 2006, a buyer facing a supplier's claim before the Facilitation Council may raise defences and counter-claims arising from the same transaction, because adjudication of amounts due under the supply relationship is not limited to one-sided recovery. The Council's statutory conciliation-and-arbitration mechanism also prevails over a contrary contractual arbitration clause. After failed conciliation, the Council may assume the role of arbitrator under the special regime, and the general Arbitration and Conciliation Act, 1996 applies only to the extent consistent with the special statute. en-us Tue, 13 Dec 2011 00:00:00 +0530 Sat, 27 Jan 2018 12:24:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198275 Under the Micro, Small and Medium Enterprises Development Act, 2006, a buyer facing a supplier's claim before the Facilitation Council may raise defences and counter-claims arising from the same transaction, because adjudication of amounts due under the supply relationship is not limited to one-sided recovery. The Council's statutory conciliation-and-arbitration mechanism also prevails over a contrary contractual arbitration clause. After failed conciliation, the Council may assume the role of arbitrator under the special regime, and the general Arbitration and Conciliation Act, 1996 applies only to the extent consistent with the special statute. Case-Laws Indian Laws Tue, 13 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198275