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An agreement barring the filing of a suit or case between parties in India while vesting the jurisdiction with a foreign court does not oust the jurisdiction of the Adjudicating Authority

NCLAT :: An agreement barring the filing of a suit or case between parties in India while vesting the jurisdiction with a foreign court does not oust the jurisdiction of the Adjudicating Authority i.e National Company Law Tribunal for proceedings under the Insolvency and Bankruptcy Code.

Case:

Excel Metal Processors Limited Vs. Benteler Trading International GMBH and Anr.

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