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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

Company & PMLA

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By Mariya Paliwala
Delhi High Court

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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…

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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.

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