https://www.taxtmi.com/caselaws?id=399570 A foreign arbitral award could be relied upon to support an operational debt in a section 9 insolvency petition, and the absence of completed separate enforcement proceedings did not defeat the claim. Objections raised in arbitration were not treated as a live pre-existing dispute because the award had already addressed them and no recognised challenge remained pending. The petition was also held to be duly authorised on the basis of the board resolution and power of attorney. Default was established through the debt, demand notice, non-payment, and arbitral award, so the petition was admitted and CIRP, including the statutory moratorium, was triggered. en-us Tue, 09 Jun 2020 00:00:00 +0530 Wed, 14 Oct 2020 12:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399570 A foreign arbitral award could be relied upon to support an operational debt in a section 9 insolvency petition, and the absence of completed separate enforcement proceedings did not defeat the claim. Objections raised in arbitration were not treated as a live pre-existing dispute because the award had already addressed them and no recognised challenge remained pending. The petition was also held to be duly authorised on the basis of the board resolution and power of attorney. Default was established through the debt, demand notice, non-payment, and arbitral award, so the petition was admitted and CIRP, including the statutory moratorium, was triggered. Case-Laws Insolvency and Bankruptcy Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399570