HomeCompany & PMLA‘Clean Slate’ Principle Under IBC: Delhi High Court Quashes Arbitral Award Against...

‘Clean Slate’ Principle Under IBC: Delhi High Court Quashes Arbitral Award Against Insolvent Company

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Delhi High Court has set aside an arbitral award passed against KRR Infra Projects Pvt. Ltd., holding that arbitration cannot continue once a moratorium under the Insolvency and Bankruptcy Code (IBC) comes into force and that a successful resolution applicant is entitled to acquire the company on a “clean slate.”  The bench of Justice…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

ITAT Quashes Reassessment Proceedings Over Undated Reasons, Mechanical Approval U/s 151

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

Pending Proceedings Can’t Survive Without Saving Clause: Calcutta High Court Quashes GST Demand of Rs. 6.28 Crore After Omission of R. 96(10)

The Calcutta High Court has set aside GST demands amounting to ₹6.28 crore raised...

NEET Paper Leak Controversy | Supreme Court Seeks NTA Affidavit 

The Supreme Court on Monday expressed serious concern over recurring irregularities surrounding the National...

Madras High Court Quashes GST Assessment Orders for Denial of Personal Hearing; Remands Matter Subject to 10% Deposit

The Madras High Court has set aside GST assessment orders passed against a restaurant...

More like this

ITAT Quashes Reassessment Proceedings Over Undated Reasons, Mechanical Approval U/s 151

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

Pending Proceedings Can’t Survive Without Saving Clause: Calcutta High Court Quashes GST Demand of Rs. 6.28 Crore After Omission of R. 96(10)

The Calcutta High Court has set aside GST demands amounting to ₹6.28 crore raised...

NEET Paper Leak Controversy | Supreme Court Seeks NTA Affidavit 

The Supreme Court on Monday expressed serious concern over recurring irregularities surrounding the National...