https://www.taxtmi.com/caselaws?id=98743 A winding-up petition alleging inability to pay debts was not a proceeding in respect of a matter agreed to be referred to arbitration, even though the contract contained a wide arbitration clause. Section 34 of the Arbitration Act applies only where the legal proceeding concerns arbitrable contractual disputes; a statutory winding-up issue under the Companies Act is outside that scope. The stay application was therefore not maintainable and was rightly dismissed. en-us Wed, 26 Nov 1969 00:00:00 +0530 Sat, 21 Jan 2012 18:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98743 A winding-up petition alleging inability to pay debts was not a proceeding in respect of a matter agreed to be referred to arbitration, even though the contract contained a wide arbitration clause. Section 34 of the Arbitration Act applies only where the legal proceeding concerns arbitrable contractual disputes; a statutory winding-up issue under the Companies Act is outside that scope. The stay application was therefore not maintainable and was rightly dismissed. Case-Laws Companies Law Wed, 26 Nov 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98743