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of <h1>Supreme Court of India Rules on Enforceability of Arbitration Awards Amidst Insolvency Under IBC, Emphasizes Timely Claims.</h1> The Supreme Court of India's ruling in the case between a construction company and other parties addresses the enforcement of arbitration awards amidst insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). The court examined the enforceability of arbitration awards against a corporate debtor in insolvency, emphasizing procedural adherence and the importance of timely claim submissions. The decision highlights the need to balance the rights of arbitration award holders with the collective interests of creditors. Ultimately, the court dismissed the appeal, reinforcing the importance of adhering to timelines to ensure efficient insolvency resolution.
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