https://www.taxtmi.com/caselaws?id=471375 A stay of operation leaves a coordinate-bench ruling in existence but makes it inoperative while the stay continues. Accordingly, a direction to constitute an arbitral tribunal could not be followed where the ruling containing that direction had been stayed. The question whether arbitration could proceed against an expelled defaulting trading member remained pending before the Supreme Court, so determination of the petition was deferred and the issue was left to be governed by the Supreme Court's decision. en-us Thu, 15 Sep 2022 00:00:00 +0530 Tue, 01 Sep 2026 14:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471375 A stay of operation leaves a coordinate-bench ruling in existence but makes it inoperative while the stay continues. Accordingly, a direction to constitute an arbitral tribunal could not be followed where the ruling containing that direction had been stayed. The question whether arbitration could proceed against an expelled defaulting trading member remained pending before the Supreme Court, so determination of the petition was deferred and the issue was left to be governed by the Supreme Court's decision. Case-Laws Indian Laws Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471375