https://www.taxtmi.com/caselaws?id=391199 A pending insolvency proceeding does not, by itself, justify keeping a Section 34 challenge to a pre-existing arbitral award in abeyance. Where the underlying dispute arose before insolvency commenced and the award remains sub judice on challenge, the claim has not crystallised into a final adjudicated liability in favour of the award-holder. The moratorium under the Insolvency and Bankruptcy Code applies only during the relevant period and, once it has ceased, it cannot be used to indefinitely freeze adjudication of the arbitral challenge. The Section 34 proceeding was therefore allowed to continue. en-us Fri, 10 Jan 2020 00:00:00 +0530 Wed, 22 Jan 2020 08:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391199 A pending insolvency proceeding does not, by itself, justify keeping a Section 34 challenge to a pre-existing arbitral award in abeyance. Where the underlying dispute arose before insolvency commenced and the award remains sub judice on challenge, the claim has not crystallised into a final adjudicated liability in favour of the award-holder. The moratorium under the Insolvency and Bankruptcy Code applies only during the relevant period and, once it has ceased, it cannot be used to indefinitely freeze adjudication of the arbitral challenge. The Section 34 proceeding was therefore allowed to continue. Case-Laws Companies Law Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391199