Supreme Court of India · 2022-04-19
M/S TIRUPATI STEEL vs M/S SHUBH INDUSTRIAL COMPONENTS
- Citation / case number
- SC 2019/26106
- Court
- Supreme Court of India
- Petitioner
- M/S TIRUPATI STEEL
- Respondent
- M/S SHUBH INDUSTRIAL COMPONENTS
- Author
- HON'BLE MR. JUSTICE M.R. SHAH
- Bench
- HON'BLE MRS. JUSTICE B.V. NAGARATHNA HON'BLE MR. JUSTICE M.R. SHAH
Judgment text excerpt
The Supreme Court addressed the appeal concerning the enforcement of an arbitration award under the MSMED Act, 2006. The High Court had directed the first appellate court to proceed without requiring a pre-deposit of 75% of the awarded amount. The Supreme Court upheld the High Court's decision, emphasizing the importance of facilitating the recovery process for micro and small enterprises, thereby ensuring their rights are protected under the MSMED Act.