Tribunal's Award, Even If Erroneous, Must Be Challenged Under Section 34 Of Arbitration Act; Court Cannot Invoke Writ Jurisdiction: Bombay High Court

In a significant ruling regarding the Micro, Small and Medium Enterprises Development (MSMED) Act, the High Court recently addressed the jurisdiction of the court to interfere with awards passed under Section 18 of the Act. This decision clarifies the boundaries of judicial intervention in arbitration matters involving micro and small enterprises. Case Background The case, titled M/s. India Glycols Limited vs. Micro and Small Enterprises Facilitation Council, revolves around a…