https://www.taxtmi.com/caselaws?id=200344 Section 19 of the Micro, Small and Medium Enterprises Development Act, 2006 requires a mandatory seventy-five per cent pre-deposit before an application to set aside an award of the Facilitation Council can be entertained, and the special scheme under Sections 18, 19 and 24 overrides inconsistent provisions of other laws. A Section 34 challenge without the required deposit is not duly constituted for consideration, so execution of the award is not stalled. A bare plea of sickness under the Sick Industrial Companies (Special Provisions) Act, 1985 is insufficient to bar execution unless the statutory protection is specifically established on the facts, including a demonstrated nexus with an approved scheme. Execution objections were rejected. en-us Fri, 25 Nov 2016 00:00:00 +0530 Mon, 26 Mar 2018 15:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200344 Section 19 of the Micro, Small and Medium Enterprises Development Act, 2006 requires a mandatory seventy-five per cent pre-deposit before an application to set aside an award of the Facilitation Council can be entertained, and the special scheme under Sections 18, 19 and 24 overrides inconsistent provisions of other laws. A Section 34 challenge without the required deposit is not duly constituted for consideration, so execution of the award is not stalled. A bare plea of sickness under the Sick Industrial Companies (Special Provisions) Act, 1985 is insufficient to bar execution unless the statutory protection is specifically established on the facts, including a demonstrated nexus with an approved scheme. Execution objections were rejected. Case-Laws Indian Laws Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200344