https://www.taxtmi.com/highlights?id=60065 Requirement of pre-deposit - Direction to deposit 75% of the awarded amount in terms of Section 19 of Micro, Small and Medium Enterprises Development Act, 2006 - Considering the language used in Section 19 of the MSME Act, 2006 and the object and purpose of providing deposit of 75% of the awarded amount as a pre-deposit while preferring the application/appeal for setting aside the award, it has to be held that the requirement of deposit of 75% of the awarded amount as a predeposit is mandatory. - SC en-us Tue, 12 Oct 2021 12:10:58 +0530 Tue, 12 Oct 2021 12:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60065 Requirement of pre-deposit - Direction to deposit 75% of the awarded amount in terms of Section 19 of Micro, Small and Medium Enterprises Development Act, 2006 - Considering the language used in Section 19 of the MSME Act, 2006 and the object and purpose of providing deposit of 75% of the awarded amount as a pre-deposit while preferring the application/appeal for setting aside the award, it has to be held that the requirement of deposit of 75% of the awarded amount as a predeposit is mandatory. - SC Highlights Indian Laws Tue, 12 Oct 2021 12:10:58 +0530 https://www.taxtmi.com/highlights?id=60065