Calcutta High Court Rules on Arbitral Timelines under MSMED Act

The Calcutta High Court ruled on the timelines for arbitration proceedings under the MSMED Act. The court emphasized that arbitration must adhere to the strict timelines set out in the MSMED Act to ensure swift resolution of disputes involving micro, small, and medium enterprises (MSMEs). The court's decision is significant in reinforcing the need for expedited arbitration, especially in cases where delayed resolution could adversely affect the financial stability of smaller businesses. The ruling highlights the balance between the interests of swift justice and maintaining procedural integrity in arbitration cases under the MSMED Act.