https://www.taxtmi.com/caselaws?id=295061 The Tribunal disposed of the petition, granting liberty to the parties to prosecute the pending arbitration application and to take appropriate legal action post-arbitration. The Tribunal refrained from initiating CIRP due to the economic crisis caused by the pandemic and emphasized the need for the existence of undisputed debt for initiating CIRP. The parties were directed to proceed with the arbitration application and take subsequent legal actions accordingly, with no order as to costs. en-us Thu, 18 Jun 2020 00:00:00 +0530 Mon, 15 Nov 2021 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295061 The Tribunal disposed of the petition, granting liberty to the parties to prosecute the pending arbitration application and to take appropriate legal action post-arbitration. The Tribunal refrained from initiating CIRP due to the economic crisis caused by the pandemic and emphasized the need for the existence of undisputed debt for initiating CIRP. The parties were directed to proceed with the arbitration application and take subsequent legal actions accordingly, with no order as to costs. Case-Laws Insolvency and Bankruptcy Thu, 18 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295061