https://www.taxtmi.com/caselaws?id=429667 Chapter V of the Micro, Small and Medium Enterprises Development Act, 2006 creates a special statutory mechanism for delayed payment disputes and prevails over the Arbitration and Conciliation Act, 1996 where its provisions are inconsistent. A party claiming amounts due under Section 17 may invoke Section 18(1) even if an independent arbitration agreement exists, because the statutory remedy cannot be excluded by private contract. The Facilitation Council may conduct conciliation and, if it fails, arbitrate the dispute itself or refer it to an institution under Section 18(3); Section 80 of the 1996 Act does not bar that course. Once arbitration begins under the special statute, the Arbitration and Conciliation Act, 1996 governs the proceedings. 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 Micro, Small and Medium Enterprises Development Act, 2006 creates a special statutory mechanism for delayed payment disputes and prevails over the Arbitration and Conciliation Act, 1996 where its provisions are inconsistent. A party claiming amounts due under Section 17 may invoke Section 18(1) even if an independent arbitration agreement exists, because the statutory remedy cannot be excluded by private contract. The Facilitation Council may conduct conciliation and, if it fails, arbitrate the dispute itself or refer it to an institution under Section 18(3); Section 80 of the 1996 Act does not bar that course. Once arbitration begins under the special statute, the Arbitration and Conciliation Act, 1996 governs the proceedings. Case-Laws Indian Laws Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429667