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Haryana Cong asked to pay Rs. 33 lakh to MSME as due amount for advertisement

Press Trust of India  |  Shimla 

In a significant award, the Micro, Small & Medium Enterprises Development (MSMED) has directed the to pay Rs 33.75 lakh to a Himachal Pradesh-based MSME unit as due amount for advertisement published more than four years ago.

In its 17-page award, a copy of which PTI has accessed, announced on January 9, the arbitrator, Ravinder Parkash Verma, directed and its to pay Rs 33.75 lakh to Nadaun, director Surender Singh

The issued direction for paying within 30 days to Rs 33,75,984 which include Rs 16,01,522 as balance principal amount for publishing political advertisement in its daily paper 'Pehli Khabar' from October 5 to October 15 in 2014 and Rs 17,74,462 as interest on this amount under Section 16 of MSMED Act, 2006.

In his award, Verma stated would also be liable to pay to the petitioner interest from the date of filing the present reference on January 4 last year up to the date of passing the award and future interest from the date of passing the award till the payment is made, as per interest rate fixed under Section 16 of MSMED Act, 2006.

The petitioner is entitled to get reimbursed the arbitrator's fees of Rs 40,000 from Haryana Congress, Verma stated in his award, adding he would also be entitled to get the litigation expenses and other miscellaneous expenses to the extent of Rs 60,000 from HPCC.

The petitioner will be entitled to recover the amount from HPCC through its office bearers, Verma mentioned in his award.

Hooda had made the reference number 52/2017 to Micro and Small Enterprise Facilitation Council, constituted under Section 20 of the MSMED Act for recovery of Rs 33,75,598 from HPCC.

The HPMSEFC chairman-cum- HP Industries appointed Verma as on June 30 last year to arbitrate the dispute as the parties had failed to reconcile the matter before HPMSEFC.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 13 2019. 19:35 IST
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