Advocate Sushila
SUPREME COURT HOLDS REFERENCE TO ARBITRATION IS MAINTAINABLE INSOLVENCY PETITION IS NOT ADMITTED
Advocate Sushila Ram 28 Mar 2021

SUPREME COURT HOLDS REFERENCE TO ARBITRATION IS MAINTAINABLE INSOLVENCY PETITION IS NOT ADMITTED

Recently, the three-Judges Bench of the #SupremeCourt of India in the case of Indus Biotech Private Limited vs. Kotak India Venture (Offshore) Fund [Arb. Petition (Civil) 48/2019], vide Judgment dated 26.03.2021 held that #Arbitration Reference under Section 8 of the Arbitration and Conciliation Act, 1996 ( the ‘Act of 1996’), is not maintainable if it has been filed after admission of Insolvency Resolution Application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘#IBC’).


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-holds-reference-to-arbitration-is-maintainable-insolvency-petition-is-not-admitted/


#supremecourt #arbitration

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