2019 (8) TMI 1836 - SCH - Insolvency and Bankruptcy

Admissibility of petition - Arbitral Award - financial creditor - it was submitted that an Arbitral Award cannot be treated as a financial debt - initiation of CIRP against two sets of Corporate Debtor for the same set of claim - HELD THAT - The appeal is dismissed.

Summary

The Supreme Court dismissed the appeal and upheld the order passed by the Tribunal. Pending applications were disposed of. Justices Arun Mishra and Surya Kant presided over the case.