Advocate Sushila
SUPREME COURT DISMISSES INSOLVENCY APPLICATION FILED DURING PENDENCY OF ARBITRATION PROCEEDINGS

SUPREME COURT DISMISSES INSOLVENCY APPLICATION FILED DURING PENDENCY OF ARBITRATION PROCEEDINGS

The 3 Judge Bench of the #SupremeCourt has recently passed a Judgment dated 26-03-2021 in Indus Biotech Private Limited vs Kotak India Venture and Others, where the Apex Court decided upon the issue that whether during the pendency of #arbitration proceedings, a petition under Section 7 of the Insolvency and Bankruptcy Code 2016 (#IBC) is maintainable.


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-dismisses-insolvency-application-filed-during-pendency-of-arbitration-proceedings-2/


#supremecourt #insolvencyandbankruptcy #ibc #arbitration

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