MSME Proceedings, Election of Remedies, Contractual Arbitration, and the Limits of the Abandonment Doctrine
When a contractor exhausts a statutory remedy in good faith, only to be told it was never eligible in the first place, can the other party use that failed detour to argue that contractual arbitration stands abandoned forever? The Delhi High Court’s Division Bench decision dated 16 April 2026 in Newton Engineering and Chemicals Ltd. v. Indian Oil Corporation Ltd.1 […]
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