Meeting of District Level Micro and small Enterprises Facilitation Council held

Ludhiana: 111th  Meeting of Arbitration of District Level Micro and small Enterprises Facilitation Council was held today in which 31 cases were enlisted . The Meeting was chaired by Varinder Kumar Sharma ,Deputy Commissioner, Ludhiana. The above meeting was also attended by Neeru Katyal PCS , Land Acquisition Collector , Improvement Trust , Ludhiana as  Nodal Officer , Nisar Ahmed Lead District Manager ,Ludhiana as Member of Council .  

Rakesh Kumar Kansal, Member Secretary cum General Manager , District Industries Centre, Ludhiana  apprised that special efforts are being made  for amicable settlement of dispute and platform is provided to address the issues related to delayed payments of Micro & Small Enterprises  as per provision of MSME development Act 2006. He further apprised that Conciliation proceedings shall be conducted on every Tuesday , whereas Arbitration proceedings shall be conducted on every Thursday .

The proceedings are  preferably conducted through offline mode in which claimant and respondent shall be able to attend in person for amicable settlement of dispute, face to face through conciliation proceedings, yet special guidelines are being observed and adhered to maintain social distancing and to follow SOP  guidelines  to contain spread of covid 19 .

Even provisions have been provided to conduct online proceedings  through Video call , for convenience of claimant or Respondent  .  Till date,  District Council have received  1350 references  out of which 258  has  been disposed off /settled & Adjudicated.

Whereas Advocate Himanshu Walia member of   District council,   disseminated that  stakeholders should take advantage of this quasi judicial Authority to procure the delayed payments and also apprised that the award pronounced by this District council , which is  statutory  authority sustains the  status of Decree of  The Court  &   sustains overriding effect . To appeal against the award  the respondent has to  remit  upfront  75% amount of  the total Award amount  then only the  court of Law may  entertain the appeal as per provision  of MSME Dev Act 2006.

In today's  meeting, 31 cases were enlisted for adjudication through Arbitration.  Four References were Dismissed on Merits & Four References were Admitted  and their claim accepted not only for  Pending Prinicple amount but also  that respondent shall be liable to  pay  Interest three times  at the rate as per  guidelines of  RBI  as per provision  of section 16  of  MSME Development Act 2006 .