Tag: Sub-contract Agreement

Interest cannot be admitted in claim filing on the basis of the MSMED Act, 2006, if no interest clause in the Agreement on the delayed payment. NCLT is not appropriate Forum to consider the issue pertaining to the interest under Section 16 of the MSMED Act

Interest cannot be admitted in claim filing on the basis of the MSMED Act, 2006, if no interest clause in the Agreement on the delayed payment. NCLT is not appropriate Forum to consider the issue pertaining to the interest under Section 16 of the MSMED Act

Friday November 29, 2024. BY Tannya Baranwal and Zeenat Shabab | Civil

The Hon’ble NATIONAL COMPANY LAW APPELLATE TRIBUNALPrincipal Bench, New Delhi, comprising of Mr. Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Technical Member), in a recent appeal in the matter of Vedic Projects Pvt. Ltd.