https://www.taxtmi.com/caselaws?id=287947 The Tribunal dismissed the Insolvency and Bankruptcy Code petition, emphasizing the importance of honoring the arbitration process due to the existence of pending arbitration proceedings. The petitioner's claim for non-payment of services rendered was deemed premature as the respondent had initiated arbitration proceedings, which were progressing with the appointment of a sole arbitrator. The Tribunal highlighted the need to respect the arbitration clause in the agreement and advised the petitioner to address any non-compliance by the respondent with the arbitral award through subsequent proceedings if required. en-us Fri, 31 Aug 2018 00:00:00 +0530 Tue, 12 May 2020 08:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287947 The Tribunal dismissed the Insolvency and Bankruptcy Code petition, emphasizing the importance of honoring the arbitration process due to the existence of pending arbitration proceedings. The petitioner's claim for non-payment of services rendered was deemed premature as the respondent had initiated arbitration proceedings, which were progressing with the appointment of a sole arbitrator. The Tribunal highlighted the need to respect the arbitration clause in the agreement and advised the petitioner to address any non-compliance by the respondent with the arbitral award through subsequent proceedings if required. Case-Laws Insolvency and Bankruptcy Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287947