https://www.taxtmi.com/caselaws?id=404027 In proceedings under section 29A(5) of the Arbitration and Conciliation Act, the Delhi High Court rejected the maintainability objection to a Resolution Professional's petition, holding that it was unnecessary to decide the wider insolvency-related controversy at that stage and that no provision shown barred the filing. As the arbitration was still pending, the tribunal's mandate had expired, and no sustainable ground was shown to refuse relief, the Court extended the arbitral tribunal's mandate. Collateral questions concerning the insolvency process, the Resolution Professional's authority, and the effect of NCLT or NCLAT orders were left open for determination in the appropriate forum. en-us Tue, 09 Feb 2021 00:00:00 +0530 Sat, 13 Feb 2021 15:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404027 In proceedings under section 29A(5) of the Arbitration and Conciliation Act, the Delhi High Court rejected the maintainability objection to a Resolution Professional's petition, holding that it was unnecessary to decide the wider insolvency-related controversy at that stage and that no provision shown barred the filing. As the arbitration was still pending, the tribunal's mandate had expired, and no sustainable ground was shown to refuse relief, the Court extended the arbitral tribunal's mandate. Collateral questions concerning the insolvency process, the Resolution Professional's authority, and the effect of NCLT or NCLAT orders were left open for determination in the appropriate forum. Case-Laws Insolvency and Bankruptcy Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404027