Indian Economy·Key Judgments

MSME Definition and Classification — Key Judgments

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Key Judgments

Rajasthan State Industrial Development and Investment Corporation Ltd. vs. Diamond and Gem Development Corporation Ltd.

2013

This Supreme Court judgment clarified the scope of MSMED Act 2006 and established that the Act's provisions for delayed payment disputes apply to all micro and small enterprises,…

Kone Elevator India Pvt. Ltd. vs. State of Tamil Nadu

2014

The Madras High Court ruling clarified the application of MSME classification criteria for enterprises engaged in multiple activities. The judgment established that classification…