The Bombay High Court observed that the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 (MSMED Act) has an overriding effect over Arbitration and Conciliation Act, 1996 (A&C Act) only when the disputes between MSMEs are covered under Section 17 of the MSMED Act. The Court clarified that the dispute between the parties was […]
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Reserve Bank of India (RBI) said in a circular that on review, it was found that some of the arrangements existing between the card networks and card issuers are not conducive to providing choice to the customers. RBI has directed banks to provide eligible customers the option to choose from multiple card networks, while issuing […]
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