https://www.taxtmi.com/caselaws?id=200347 Section 19 of the Micro, Small and Medium Enterprises Development Act, 2006 makes the seventy-five per cent pre-deposit a mandatory condition precedent for entertaining an application to set aside an award, decree or order, and the Court has no discretion to waive or reduce that statutory requirement. The phrase "in the manner directed by such Court" was construed as permitting only procedural regulation of payment, including instalments, without diluting the prescribed percentage. The challenge was confined to statutory interpretation, and the special leave petitions were not entertained. en-us Thu, 15 Mar 2012 00:00:00 +0530 Sat, 23 Oct 2021 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200347 Section 19 of the Micro, Small and Medium Enterprises Development Act, 2006 makes the seventy-five per cent pre-deposit a mandatory condition precedent for entertaining an application to set aside an award, decree or order, and the Court has no discretion to waive or reduce that statutory requirement. The phrase "in the manner directed by such Court" was construed as permitting only procedural regulation of payment, including instalments, without diluting the prescribed percentage. The challenge was confined to statutory interpretation, and the special leave petitions were not entertained. Case-Laws Indian Laws Thu, 15 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200347