Proceedings Pending under Section 34 of the Arbitration and Conciliation Act 1996 does not Constitute a ‘Dispute’ under Section 8 of the Insolvency and Bankruptcy Code, 2016 and Cannot Come in the Way of the Initiation of Corporate Insolvency Resolution Process as Envisaged Under Section 9 of the Code.

MINI SUMMARY: An appeal was preferred before the Hon’ble National Company Law Appellate Tribunal (hereinafter referred to as “NCLAT”) against an order dated 29.08.2017 passed by the Hon’ble National Company Law Tribunal (hereinafter referred to as “NCLT”) in the case of Vijay Nirman Company Private Limited ( hereinafter referred to as, “the Respondent”) vs. Ksheeraabd... Continue Reading →


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