https://www.taxtmi.com/caselaws?id=111429 The Arbitration and Conciliation Act, 1996 is a complete code for arbitration, but its non obstante clause is confined to the field of judicial intervention under that Act and does not displace the protective scheme of sick-industrial-company legislation. The special statute operates in a distinct revival and rehabilitation regime: automatic suspension under its provisions applies where statutory conditions are met, and the Board may also suspend the operation of contracts, settlements, awards and related obligations to implement a sanctioned scheme. An arbitral award remains capable of being dealt with under that special law until actual enforcement, so the two enactments must be harmonised. en-us Thu, 14 Dec 2006 00:00:00 +0530 Sat, 21 Dec 2013 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111429 The Arbitration and Conciliation Act, 1996 is a complete code for arbitration, but its non obstante clause is confined to the field of judicial intervention under that Act and does not displace the protective scheme of sick-industrial-company legislation. The special statute operates in a distinct revival and rehabilitation regime: automatic suspension under its provisions applies where statutory conditions are met, and the Board may also suspend the operation of contracts, settlements, awards and related obligations to implement a sanctioned scheme. An arbitral award remains capable of being dealt with under that special law until actual enforcement, so the two enactments must be harmonised. Case-Laws Companies Law Thu, 14 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111429