https://www.taxtmi.com/caselaws?id=282992 A Section 9 petition under the Arbitration and Conciliation Act concerned money already realised under an encashed bank guarantee and deposited with the Registrar General. Because insolvency proceedings were pending before the NCLT and the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 was in force, the Delhi HC declined to pass any further order in the Section 9 matter. The deposited amount was directed to remain in deposit, subject to the orders passed in the insolvency proceedings, and the petitioner was left at liberty to seek appropriate relief before the insolvency forum. en-us Thu, 07 Feb 2019 00:00:00 +0530 Mon, 02 Sep 2019 17:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282992 A Section 9 petition under the Arbitration and Conciliation Act concerned money already realised under an encashed bank guarantee and deposited with the Registrar General. Because insolvency proceedings were pending before the NCLT and the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 was in force, the Delhi HC declined to pass any further order in the Section 9 matter. The deposited amount was directed to remain in deposit, subject to the orders passed in the insolvency proceedings, and the petitioner was left at liberty to seek appropriate relief before the insolvency forum. Case-Laws Companies Law Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282992