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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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