Business Standard

Friday, December 20, 2024 | 05:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

From insurer's liability to arbitration appeal, here are key court orders

The Calcutta High Court has asserted that the power of superintendence of a high court over the courts below is very wide

From insurer’s liability to arbitration appeal, here are key court orders
Premium

M J Antony
Curbs on invoking IBC in arbitration appeal

The Insolvency and Bankruptcy Code cannot be invoked when an arbitration award has been passed against an operational debtor and it is under appeal. The Supreme Court stated so in its judgment, K Kishan vs M/s Vijay Nirman Co, while setting aside the ruling of the National Company Law Tribunal and the appellate tribunal.  In this case, Vijay Nirman and another firm entered into a contract to build an additional two-lane highway on NH67. Disputes arose between them on various dues and they were referred to arbitration. The parties were not satisfied with the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in