https://www.taxtmi.com/article/detailed?id=10448 The MSMED Act prescribes a statutory conciliation-then-arbitration mechanism through the Facilitation Council for supplier-buyer disputes, while imposing buyer payment obligations and interest on default; registration as an MSME at contract formation is not a prerequisite to invoke the Act's dispute-resolution process, and tribunals are to decide jurisdiction within the statutory procedure. en-us Fri, 10 Jun 2022 10:18:59 +0530 Fri, 10 Jun 2022 10:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10448 The MSMED Act prescribes a statutory conciliation-then-arbitration mechanism through the Facilitation Council for supplier-buyer disputes, while imposing buyer payment obligations and interest on default; registration as an MSME at contract formation is not a prerequisite to invoke the Act's dispute-resolution process, and tribunals are to decide jurisdiction within the statutory procedure. Articles Other Topics Fri, 10 Jun 2022 10:18:59 +0530 https://www.taxtmi.com/article/detailed?id=10448