ANKHIM HOLDINGS PVT. LTD. & ANR. versus ZAVERI CONSTRUCTION PVT. LTD.

Case summary from SCR

Issue for Consideration Whether the High Court was justified in saying that the proceedings held by the Arbitral Tribunal on the seven relevant dates, i.e., from 17.03.2022 to 25.08.2022 were liable to be declared as nullity on the premise that those proceedings were undertaken during u/s.14 of the Insolvency and Bankruptcy Code, 2016. Headnotes† Arbitration and Conciliation Act, 1996 – s.11, s.15(2), s.15(3), s.17 and s.37 – The appellants and respondent (now under liquidation) entered into a partnership firm to develop and construct an SRA project