https://www.taxtmi.com/caselaws?id=280535 Section 19 of the Micro, Small & Medium Enterprises Development Act, 2006 required a statutory pre-deposit before the petitioner's Section 34 objections under the Arbitration & Conciliation Act, 1996 could be heard on merits. The Court held that the amount already deposited was stated to be below the statutory requirement and, for that reason, the objections had not yet been examined substantively. One further opportunity was granted to make the deposit within fifteen days from the District Judge's determination of the required amount. Only on compliance could the petitioner seek adjudication on merits; failing deposit, the respondent's execution petition could proceed without impediment. en-us Fri, 13 Jan 2017 00:00:00 +0530 Thu, 09 May 2019 05:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280535 Section 19 of the Micro, Small & Medium Enterprises Development Act, 2006 required a statutory pre-deposit before the petitioner's Section 34 objections under the Arbitration & Conciliation Act, 1996 could be heard on merits. The Court held that the amount already deposited was stated to be below the statutory requirement and, for that reason, the objections had not yet been examined substantively. One further opportunity was granted to make the deposit within fifteen days from the District Judge's determination of the required amount. Only on compliance could the petitioner seek adjudication on merits; failing deposit, the respondent's execution petition could proceed without impediment. Case-Laws Indian Laws Fri, 13 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280535