https://www.taxtmi.com/caselaws?id=302613 A statutory reference under Section 18 of the Micro, Small and Medium Enterprises Development Act, 2006 must be dealt with by the Facilitation Council in the manner prescribed by the Act. After reference, the Council must first conduct conciliation or seek assistance from an alternate dispute resolution institution; if conciliation fails, it must itself take up arbitration or refer the matter to an ADR institution or centre. The scheme operates notwithstanding any arbitration agreement and gives the Council exclusive jurisdiction at the initial stage, so the Council cannot direct the parties to proceed before a sole arbitrator appointed by the buyer. The buyer-appointed arbitrator route is therefore invalid after statutory reference. en-us Tue, 29 Apr 2014 00:00:00 +0530 Wed, 08 Jun 2022 14:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302613 A statutory reference under Section 18 of the Micro, Small and Medium Enterprises Development Act, 2006 must be dealt with by the Facilitation Council in the manner prescribed by the Act. After reference, the Council must first conduct conciliation or seek assistance from an alternate dispute resolution institution; if conciliation fails, it must itself take up arbitration or refer the matter to an ADR institution or centre. The scheme operates notwithstanding any arbitration agreement and gives the Council exclusive jurisdiction at the initial stage, so the Council cannot direct the parties to proceed before a sole arbitrator appointed by the buyer. The buyer-appointed arbitrator route is therefore invalid after statutory reference. Case-Laws Indian Laws Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302613