https://www.taxtmi.com/caselaws?id=295010 Disputes arising from a share subscription and shareholders agreement, including valuation, conversion formula and fixing of the QIPO date, are treated as contractual commercial disputes ordinarily amenable to arbitration under the rights in personam and rights in rem distinction. Where the alleged default in a section 7 insolvency application is inseparable from such arbitrable issues and a request for arbitration is pending, the Adjudicating Authority may decline immediate admission. The text also notes that insolvency should not be used where the default turns on unresolved contractual valuation and redemption disputes, and that the arbitral process may be given precedence in those circumstances. en-us Tue, 09 Jun 2020 00:00:00 +0530 Sat, 15 May 2021 08:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295010 Disputes arising from a share subscription and shareholders agreement, including valuation, conversion formula and fixing of the QIPO date, are treated as contractual commercial disputes ordinarily amenable to arbitration under the rights in personam and rights in rem distinction. Where the alleged default in a section 7 insolvency application is inseparable from such arbitrable issues and a request for arbitration is pending, the Adjudicating Authority may decline immediate admission. The text also notes that insolvency should not be used where the default turns on unresolved contractual valuation and redemption disputes, and that the arbitral process may be given precedence in those circumstances. Case-Laws Insolvency and Bankruptcy Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295010