https://www.taxtmi.com/caselaws?id=304212 Disputes over preference share valuation, the conversion formula, redemption rights and the QIPO date were treated as contractual matters capable of arbitration, despite the general non-arbitrability of insolvency and winding-up issues. On the facts, the controversy was found to bear directly on whether any default under the Insolvency and Bankruptcy Code, 2016 had occurred, so arbitration was permitted. The Adjudicating Authority also required satisfaction that default was established before admission of a section 7 petition. Because the valuation and redemption issues remained unresolved and the corporate debtor was described as solvent and debt-free, admission was declined at that stage. en-us Tue, 09 Jun 2020 00:00:00 +0530 Tue, 13 Sep 2022 20:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304212 Disputes over preference share valuation, the conversion formula, redemption rights and the QIPO date were treated as contractual matters capable of arbitration, despite the general non-arbitrability of insolvency and winding-up issues. On the facts, the controversy was found to bear directly on whether any default under the Insolvency and Bankruptcy Code, 2016 had occurred, so arbitration was permitted. The Adjudicating Authority also required satisfaction that default was established before admission of a section 7 petition. Because the valuation and redemption issues remained unresolved and the corporate debtor was described as solvent and debt-free, admission was declined at that stage. Case-Laws Insolvency and Bankruptcy Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304212