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    Question

    Once a reference is made to the MSE Facilitation

    Council, it must be resolved within how many days?
    A 60 days Correct Answer Incorrect Answer
    B 60 days Correct Answer Incorrect Answer
    C 30 days Correct Answer Incorrect Answer
    D 90 days Correct Answer Incorrect Answer
    E 120 days Correct Answer Incorrect Answer

    Solution

    To ensure timely redressal of payment disputes, the MSMED Act mandates that every case referred to the MSEFC should be resolved within 90 days from the date of filing. This provision reduces dependence on regular civil courts and is instrumental in offering MSMEs a faster, cheaper, and more accessible legal remedy. The 90-day time limit also ensures accountability and enhances the efficiency of the dispute resolution process.

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