Clean Slate Principle Overrides Promoter Identity: Delhi High Court Rejects Revival of Pre-CIRP Claims Through Arbitration
Can a creditor revive a pre-CIRP claim through arbitration merely because the corporate debtor’s resolution plan was submitted and implemented by its existing promoter rather than an unrelated third party? The Delhi High Court addressed this question in MBL Infrastructure Ltd. v. Pradeep Colonisers and Suppliers Pvt. Ltd.1, decided on 4 May 2026. The arbitral tribunal had held that Pradeep […]
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