Arbitration Award Enforcement Steps

Summary

The arbitrators award in MSME disputes is generally final and binding. If a bank does not comply, you can notify them in writing, file for enforcement under Section 36 of the Arbitration and Conciliation Act, 1996, and consider filing a contempt petition in court. Specific procedures may vary by jurisdiction, so its important to consult local legal resources for detailed guidance.

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what is the procedure
To provide accurate information, could you please specify your location? Arbitration procedures can vary by jurisdiction.
arbitrators award is final in msme court
The arbitrator's award issued in MSME (Micro, Small, and Medium Enterprises) disputes is generally considered final and binding. However, if there are any grounds for challenging the award, they usually need to be addressed under the Arbitration and Conciliation Act, *.
Could you please specify your location for more detailed guidance on the process and potential grounds for challenging the award?
if banks go against the award they gave to submit *%
It seems you're dealing with a situation where banks are not complying with an arbitrator's award under the MSME rules. Here's what you can do:
- Notification: Inform the bank in writing about their non-compliance.
- Enforcement: File for enforcement of the award under Section * of the Arbitration and Conciliation Act, *.
- Contempt: Consider filing a contempt petition in the court.
Which jurisdiction are you in? This helps in providing more specific steps.