Language used in Section 19 of the MSME Act, 2006 and the object and purpose of providing deposit of 75% of the awarded amount as a pre-deposit while preferring the application/appeal for setting aside the award, it has to be held that the requirement of deposit of 75% of the awarded amount as a pre-deposit is mandatory.
SUPREME COURT OF INDIA DIVISION BENCH GUJARAT STATE DISASTER MANAGEMENT AUTHORITY — Appellant Vs. M/S ASKA EQUIPMENTS LIMITED — Respondent ( Before : M.R. Shah and A.S. Bopanna, JJ. )…