M/S Sonali Power Equipments Pvt. Ltd vs Chairman, Maharashtra State ...

The Supreme Court examined whether claims barred by limitation under the MSMED Act could be referred to conciliation or arbitration under Sections 18(2) and 18(3). The court analyzed the statutory provisions and relevant case law, ultimately holding that time-barred claims cannot be referred for conciliation or arbitration under these sections. The judgment clarifies the scope of dispute resolution mechanisms under the MSMED Act, emphasizing adherence to limitation periods. The decision reinforces the importance of timely filing claims within statutory timeframes.