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..    

Why filing of claim before MSME Facilitation Council is beneficial ?

Author- admin
Date:June 1, 2022

Why filing of claim before the MSME Facilitation Council is beneficial?

For delayed payment, the Supplier or service provider can approach the MSME facilitation council.

Filing your claim for the recovery of due or outstanding from your customer, purchaser or client has always been smooth, cost-effective and time-saving. The following table compares the differences

Money suit in District CourtMSME Facilitation Council
Court fee is payable for filing money suit (Ranging from  1 % of claim amount to 7%)No or minimum fee is payable
Normally takes timeQuickly decided
Execution takes timeIts quick
Normally be filed within jurisdiction where defendant resides or works for gainIt is filed where claimant is situated
No summary procedureSummary procedure (so don’t take much time)
No interest rate fixedInterest rate fixed by Law
Simple InterestCompounding interest