https://www.taxtmi.com/caselaws?id=431359 The Tribunal upheld the Adjudicating Authority's decision, determining the relationship between the parties as that of a Buyer/Seller rather than a Financial Creditor/Corporate Debtor. It affirmed the High Seas Sale Agreement as the primary document and ruled that the Arbitral Award is subject to the subsequent MoU, emphasizing that the Insolvency and Bankruptcy Code should not be used for recovery. The appeal was dismissed without costs, allowing parties to explore other legal avenues if necessary. en-us Tue, 15 Nov 2022 00:00:00 +0530 Mon, 05 Dec 2022 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431359 The Tribunal upheld the Adjudicating Authority's decision, determining the relationship between the parties as that of a Buyer/Seller rather than a Financial Creditor/Corporate Debtor. It affirmed the High Seas Sale Agreement as the primary document and ruled that the Arbitral Award is subject to the subsequent MoU, emphasizing that the Insolvency and Bankruptcy Code should not be used for recovery. The appeal was dismissed without costs, allowing parties to explore other legal avenues if necessary. Case-Laws Insolvency and Bankruptcy Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431359