https://www.taxtmi.com/caselaws?id=786579 In substitution proceedings under Section 15(2) of the Arbitration and Conciliation Act, the High Court's role is confined to appointing a substitute arbitrator in accordance with the original appointment rules; it cannot declare prior arbitral proceedings or orders a nullity on the ground that they were conducted during an IBC moratorium. Sections 15(3) and 15(4) preserve continuity of the arbitration and protect prior hearings and orders, subject to party agreement. The Supreme Court also protected transactions undertaken on the strength of the arbitral orders, noting the lapse of time and third-party rights, including home buyers. The arbitration was directed to continue from the existing stage with substitution of the arbitrator. en-us Wed, 04 Feb 2026 00:00:00 +0530 Mon, 16 Feb 2026 09:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786579 In substitution proceedings under Section 15(2) of the Arbitration and Conciliation Act, the High Court's role is confined to appointing a substitute arbitrator in accordance with the original appointment rules; it cannot declare prior arbitral proceedings or orders a nullity on the ground that they were conducted during an IBC moratorium. Sections 15(3) and 15(4) preserve continuity of the arbitration and protect prior hearings and orders, subject to party agreement. The Supreme Court also protected transactions undertaken on the strength of the arbitral orders, noting the lapse of time and third-party rights, including home buyers. The arbitration was directed to continue from the existing stage with substitution of the arbitrator. Case-Laws Indian Laws Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786579