1999 (10) TMI 586

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..... ward. That is no doubt correct. However, the executability is dependent upon the time for filing an application under section 34 of the Arbitration and Conciliation Act, 1996 ('the Act') to set aside the award having expired and in the event of that application having been filed within that time allowed under the law for setting aside the award, such application having been disposed by the Court b .....

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..... ility to pay the debts is subject to the contingency of the award obtained by the claimants being upheld and thus exists the possibility of the award being set aside. 4. It is therefore prudent to await the outcome of the original petition filed for setting aside the award. The company court will be slow in winding up companies which have legal personalities by virtue of the Registration under .....

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