https://www.taxtmi.com/caselaws?id=429667 Chapter V of the MSMED Act, 2006 was held to override the Arbitration Act, 1996, so an independent arbitration agreement under s.7 of the Arbitration Act cannot exclude the statutory dispute-resolution mechanism under s.18 of the MSMED Act; consequently, the Facilitation Council could proceed under s.18(3) notwithstanding the contractual arbitration clause. However, entitlement to invoke the MSMED mechanism depends on supplier status under s.2(n) as on the date of contract; registration obtained after contracting/supply operates only prospectively and cannot confer retrospective benefits, and this jurisdictional objection may be decided by the Facilitation Council/tribunal itself. en-us Mon, 31 Oct 2022 00:00:00 +0530 Tue, 06 Jan 2026 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429667 Chapter V of the MSMED Act, 2006 was held to override the Arbitration Act, 1996, so an independent arbitration agreement under s.7 of the Arbitration Act cannot exclude the statutory dispute-resolution mechanism under s.18 of the MSMED Act; consequently, the Facilitation Council could proceed under s.18(3) notwithstanding the contractual arbitration clause. However, entitlement to invoke the MSMED mechanism depends on supplier status under s.2(n) as on the date of contract; registration obtained after contracting/supply operates only prospectively and cannot confer retrospective benefits, and this jurisdictional objection may be decided by the Facilitation Council/tribunal itself. Case-Laws Indian Laws Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429667