https://www.taxtmi.com/caselaws?id=796371 An arbitral award constitutes a claim under the Insolvency and Bankruptcy Code, 2016, and an award-holder is a creditor. Where the award-holder does not submit its claim in the corporate debtor's CIRP and the claim is excluded from the approved resolution plan, the claim is extinguished and a pending challenge to the award cannot revive it. Money deposited in court solely as security for a stay of award enforcement remains an asset of the corporate debtor because custody does not transfer ownership to the award-holder. Once the underlying claim is extinguished, the award-holder has no unconditional entitlement to the deposit, which is refundable with accrued interest to the corporate debtor. en-us Mon, 03 Aug 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796371 An arbitral award constitutes a claim under the Insolvency and Bankruptcy Code, 2016, and an award-holder is a creditor. Where the award-holder does not submit its claim in the corporate debtor's CIRP and the claim is excluded from the approved resolution plan, the claim is extinguished and a pending challenge to the award cannot revive it. Money deposited in court solely as security for a stay of award enforcement remains an asset of the corporate debtor because custody does not transfer ownership to the award-holder. Once the underlying claim is extinguished, the award-holder has no unconditional entitlement to the deposit, which is refundable with accrued interest to the corporate debtor. Case-Laws IBC Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796371