https://www.taxtmi.com/caselaws?id=278551 Section 14(1)(a) of the Insolvency and Bankruptcy Code does not bar a Section 34 challenge to an arbitral award where the proceeding is not a debt recovery action and does not itself diminish the corporate debtor's assets. The Court held that the moratorium applies to proceedings against the corporate debtor that would affect its estate, but not to an award challenge that is antecedent to execution. It further required the Interim Resolution Professional's consent or permission to be filed before continuation, given that insolvency management had shifted to the professional and the dispute concerned an award in the corporate debtor's favour. en-us Mon, 11 Dec 2017 00:00:00 +0530 Mon, 01 Jun 2026 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278551 Section 14(1)(a) of the Insolvency and Bankruptcy Code does not bar a Section 34 challenge to an arbitral award where the proceeding is not a debt recovery action and does not itself diminish the corporate debtor's assets. The Court held that the moratorium applies to proceedings against the corporate debtor that would affect its estate, but not to an award challenge that is antecedent to execution. It further required the Interim Resolution Professional's consent or permission to be filed before continuation, given that insolvency management had shifted to the professional and the dispute concerned an award in the corporate debtor's favour. Case-Laws Indian Laws Mon, 11 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278551