Lawgist19Application for setting aside decree, award or order
No application for setting aside any decree, award or other order made either by the Council itself or by any institution or centre providing alternate dispute resolution services to which a reference is made by the Council, shall be entertained by any court unless the appellant (not being a supplier) has deposited with it seventy-five per cent. of the amount in terms of the decree, award or, as the case may be, the other order in the manner directed by such court:
Provided that pending disposal of the application to set aside the decree, award or order, the court shall order that such percentage of the amount deposited shall be paid to the supplier, as it considers reasonable under the circumstances of the case, subject to such conditions as it deems necessary to impose.
Download our fully-offline, High speed android app.- Click here
- 15 Liability of buyer to make payment
- 16 Date from which and rate at which interest is payable
- 17 Recovery of amount due
- 18 Reference to Micro and small Enterprises Facilitation Council
- 19 Application for setting aside decree, award or order
- 20 Establishment of Micro and Small Enterprises Facilitation Council
- 21 Composition of Micro and Small Enterprises Facilitation Council
- 22 Requirement to specify unpaid amount with interest in the annual statement of accounts
- 23 Interest not to be allowed as deduction from income
- 24 Overriding effect
- 25 Scheme for closure of business of micro, small and medium enterprises
