Arbitral seat clause in contract irrelevant when arbitration is under MSME Act: Bombay High Court

The Bombay High Court has ruled that an "arbitral seat clause in a contract is irrelevant when arbitration is under the MSME Act." This is a significant victory for the company, as it clarifies that a company can be held responsible for the misdeeds of another person. The court's decision is a crucial reminder to all that they must be diligent in their dealings. The move is a significant step towards a more user-friendly and less intrusive business environment, is aimed at promoting business growth while being sensitive to the practical difficulties faced by businesses.