Section 18 of the MSMED Act provides that whenever any amount due to a micro, small or medium enterprise is in dispute, reference for adjudication of such dispute may be made to the Micro and Small Enterprises Facilitation Council (the Council).
The Council shall conduct conciliation of such dispute. Where the conciliation does not lead to any settlement, the Council shall either conduct itself arbitration proceedings in relation to the dispute or refer the dispute to any institution providing alternate dispute resolution services. The A&C Act shall apply to the proceedings under this provision.
Source: Barandbench
