https://www.taxtmi.com/caselaws?id=280440 A bank-borrower money dispute covered by an arbitration clause remains arbitrable despite pending recovery proceedings before the DRT and the asserted statutory bar under the recovery laws. The recovery statutes were read as restricting civil courts and other public authorities exercising statutory jurisdiction, not a private arbitral forum chosen by contract. Because the claim was a right in personam, it could be resolved by arbitration, and the pendency of recovery proceedings did not extinguish the arbitration agreement. The request for appointment of an arbitrator was therefore allowed. en-us Tue, 02 Aug 2016 00:00:00 +0530 Sun, 05 May 2019 08:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280440 A bank-borrower money dispute covered by an arbitration clause remains arbitrable despite pending recovery proceedings before the DRT and the asserted statutory bar under the recovery laws. The recovery statutes were read as restricting civil courts and other public authorities exercising statutory jurisdiction, not a private arbitral forum chosen by contract. Because the claim was a right in personam, it could be resolved by arbitration, and the pendency of recovery proceedings did not extinguish the arbitration agreement. The request for appointment of an arbitrator was therefore allowed. Case-Laws Indian Laws Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280440