https://www.taxtmi.com/caselaws?id=434583 An admitted set-off disclosed in insolvency proceedings was treated as a categorical admission of liability, sufficient to support an interim award under Section 31(6) of the Arbitration and Conciliation Act, 1996. The existence of a counter-claim did not erase that admission or make the interim award illegal, because the admitted amount could still be adjusted at final adjudication. Judicial review under Sections 34 and 37 remained narrow, and the dismissal of the Section 34 objections was held to require no interference. en-us Tue, 21 Feb 2023 00:00:00 +0530 Mon, 27 Feb 2023 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434583 An admitted set-off disclosed in insolvency proceedings was treated as a categorical admission of liability, sufficient to support an interim award under Section 31(6) of the Arbitration and Conciliation Act, 1996. The existence of a counter-claim did not erase that admission or make the interim award illegal, because the admitted amount could still be adjusted at final adjudication. Judicial review under Sections 34 and 37 remained narrow, and the dismissal of the Section 34 objections was held to require no interference. Case-Laws Insolvency and Bankruptcy Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434583