SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2024 Supreme(Bom) 69

NEELA GOKHALE
Bafna Udyog – Appellant
Versus
Micro & Small Enterprises, Facilitation Council – Respondent


Advocates Appeared:
For the Petitioner: Mr. Alankar Kirpekar with Mr. Ayush Tiwari, Shekhar Bhagat, Rajas Panandikar, i/b Shekhar Bhagat.

JUDGMENT :

1. The Petitioner seeks appointment of any retired District Judge willing to conduct arbitral proceeding at Nashik under Section 11(6) of the Arbitration & Conciliation Act, 1996 (“Act”) and further direction to the Micro and Small Enterprises Facilitation Council to hand over all the records and proceedings in their custody to the arbitrator so appointed.

2. The Petitioner is registered as a small entity under the Micro, Small & Medium Enterprises Development Act, 2006 (“The MSMED Act”). The Ministry of Micro, Small & Medium Enterprises certifying the date of incorporation of the Petitioner as 21st March 2003 has issued the Udyam Registration Certificate. The Petitioner is a supplier and the Respondent No.2 is a buyer, who according to the Petitioner is liable to pay Rs.92,41,072/- to the Petitioner till 28th February 2023 with future interest as per the MSMED Act till realization of the amount. The Respondent No.1 is the Micro & Small Enterprises Facilitation Council ("MSEFC").

3. The Petitioner, a registered MSME, filed the statement of claim alongwith a declaration of termination of conciliation under Section 76(d) of the Act. It is the case of the Petitioner that de

        Click Here to Read the rest of this document
        1
        2
        3
        4
        5
        6
        7
        8
        9
        10
        11
        SupremeToday Portrait Ad
        supreme today icon
        logo-black

        An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

        Please visit our Training & Support
        Center or Contact Us for assistance

        qr

        Scan Me!

        India’s Legal research and Law Firm App, Download now!

        For Daily Legal Updates, Join us on :

        whatsapp-icon telegram-icon
        whatsapp-icon Back to top