Judgment Debtor Must Fulfill Arbitral Award Obligations, High Court Rules; NCLT Proceedings on Insolvency Stayed. https://www.taxtmi.com/highlights?id=60675 Validity of Arbitral Award - Seeking stay of proceedings before the NCLT - judgment debtor failed to honour the aforesaid undertaking given before the Hon’ble Supreme Court - The judgment debtor is under the obligation to honour the arbitral Award in its true letter and spirit and cannot escape from paying the balance amount of interest due towards it. - HC en-us Sat, 27 Nov 2021 16:54:46 +0530 Sat, 27 Nov 2021 16:54:46 +0530 TaxTMI RSS Generator Judgment Debtor Must Fulfill Arbitral Award Obligations, High Court Rules; NCLT Proceedings on Insolvency Stayed. https://www.taxtmi.com/highlights?id=60675 Validity of Arbitral Award - Seeking stay of proceedings before the NCLT - judgment debtor failed to honour the aforesaid undertaking given before the Hon’ble Supreme Court - The judgment debtor is under the obligation to honour the arbitral Award in its true letter and spirit and cannot escape from paying the balance amount of interest due towards it. - HC Highlights Insolvency and Bankruptcy Sat, 27 Nov 2021 16:54:46 +0530 https://www.taxtmi.com/highlights?id=60675