2019 (9) TMI 1666 - 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 civil appeal in the case of Arun Kumar Jagatramka vs. Jindal Steel and Power Ltd. & Anr. on 16th August, 2019. All pending applications were disposed of accordingly.