Unsuccessful Conciliation Can't Be Converted Into Arbitration Without Prior Termination Declaration: Telangana High Court
In a recent legal development, the Honorable Smt. Justice T. Madhavi Devi set aside an arbitral award under the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. The case in question, titled W.P.No. 1603 of 2023, revolved around a dispute between a petitioner, ABC Enterprises Pvt. Ltd., and an unofficial respondent, XYZ Manufacturing Industries Ltd., highlighting key provisions of the MSMED Act and the Telangana Micro, Small Enterprises Facilitation…
