https://www.taxtmi.com/caselaws?id=200349 A special statute governing delayed payment disputes required deposit of 75% of the awarded amount as a condition precedent to challenging an award, and that requirement operated cumulatively with Section 34 of the Arbitration and Conciliation Act, 1996. The general arbitration remedy did not displace the statutory pre-deposit regime under the 1993 Act and, after its repeal, the continuing scheme under the MSMED Act. An application to set aside the award could therefore be entertained only after compliance with the mandatory deposit requirement, and a direction permitting a lesser deposit was unsustainable. en-us Thu, 03 Jan 2013 00:00:00 +0530 Mon, 26 Mar 2018 15:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200349 A special statute governing delayed payment disputes required deposit of 75% of the awarded amount as a condition precedent to challenging an award, and that requirement operated cumulatively with Section 34 of the Arbitration and Conciliation Act, 1996. The general arbitration remedy did not displace the statutory pre-deposit regime under the 1993 Act and, after its repeal, the continuing scheme under the MSMED Act. An application to set aside the award could therefore be entertained only after compliance with the mandatory deposit requirement, and a direction permitting a lesser deposit was unsustainable. Case-Laws Indian Laws Thu, 03 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200349