https://www.taxtmi.com/caselaws?id=105018 Pending reconsideration of a validating statute by a larger Bench of the Supreme Court did not, by itself, justify staying arbitral proceedings under section 9 of the Arbitration and Conciliation Act, 1996. The High Court noted that the validating statute had not been stayed and that the existing judgment upholding its validity continued to operate. It also observed that the arbitral tribunal still had to decide the claim for reimbursement of cess, along with the respondent's defences on limitation and contractual liability. On that basis, the request to halt the arbitration was rejected. en-us Wed, 17 Nov 1999 00:00:00 +0530 Fri, 02 Mar 2012 11:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105018 Pending reconsideration of a validating statute by a larger Bench of the Supreme Court did not, by itself, justify staying arbitral proceedings under section 9 of the Arbitration and Conciliation Act, 1996. The High Court noted that the validating statute had not been stayed and that the existing judgment upholding its validity continued to operate. It also observed that the arbitral tribunal still had to decide the claim for reimbursement of cess, along with the respondent's defences on limitation and contractual liability. On that basis, the request to halt the arbitration was rejected. Case-Laws Companies Law Wed, 17 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105018