Tribunal Rules Arbitration Award Challenge Keeps Operational Debt in Dispute, Affecting Insolvency Proceedings Under Arbitration Act 1996.

Initiation of CIRP - Recovery proceedings - Execution of Ex-parte order, passed in arbitration proceedings - So long as the Arbitration Award, was challenged under the relevant Section of the Arbitration and Conciliation Act, 1996, the Operational Debt, in the instant Appeal, is considered to be under Dispute, as opined by this Tribunal. - AT .....

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