Limitation Act, 1963 applicable to arbitration proceedings U/s. 18(3) of MSMED Act, 2006

Silpi Industries etc. Vs Kerala State Road Transport Corporation and Anr. etc. (Supreme Court of India) Conclusion: When the settlement with regard to a dispute between the parties was not arrived at under Section 18 of MSMED Act, 2006, necessarily, the Micro and Small Enterprises Facilitation Council should take up the dispute for arbitration under Section 18(3) of the 2006 Act or it might refer to institution or Centre to provide alternate dispute resolution services and provisions of Arbitration and Conciliation Act 1996 were made applicable as if there was an agreement between the parties ...