Does Holding an Arbitral Award Allow a Corporate Debtor to Avoid CIRP under Section 7 IBC?
Whether the NCLT is justified in admitting a Section 7 application where the Corporate Debtor holds an arbitral award in its favour that could potentially discharge its liabilities, particularly when the total admitted debt materially exceeds the realistically recoverable value of that award? In the matter of Vikram Sharma v. Canara Bank on April 10, 2026 the NCLAT reaffirmed the […]
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