MSME Award Appeal here we mean and discuss Appeal against the order, decree or Award arising out of the statutory arbitration proceeding under MSME Act. There have been challenges to this provision in courts, where the contentions were raised that this provision is not mandatory and there can be deviation by the Appellate court. Thus, the Supreme Court has made it clear that the provision of section 19 of the MSME Act is mandatory in nature..             
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Who is an arbitrator? Arbitrator meaning 

Author- admin
Date:May 27, 2022

Who is an arbitrator? Arbitrator meaning

The arbitrator is an individual appointed with the consent of the parties or as per the provisions of the Arbitration & Conciliation Act, 1996 to adjudicate the dispute between the parties.

Penal of the arbitrator(s) may be more than one, depending upon the agreement between the parties, however, as per law the number(s) has to be odd.

The arbitrator carries the same power as that of the court.

 The award passed by the arbitrator is executable in the same manner as a decree passed by the court.

Sometimes the court may also on its own appoint an arbitrator to adjudicate the dispute between the parties as per the provisions of section 89 of the Code of Civil Procedure, 1908

In the case of a commercial transaction where the supplier or service provider is a Micro, Small or Medium enterprise, the matter is referred to arbitration.

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