Court Clarifies Discretionary Waiver of 75% Pre-Deposit Requirement u/s 19 of MSME Development Act 2006.

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....Requirement of deposit of seventy-five per cent of the amount of award as a pre-condition for entertaining an application / appeal - While upholding the validity of Section 19 of MSME Development Act, 2006, it has to be held that the requirement of pre-deposit thereunder is not mandatory and the Court would be empowered to waive, either partially or completely, the requirement of pre-deposit in the same circumstances and conditions - HC....