Other TaxationsLaw Report
Section 14(1)(a) of the IBC interdicts the institution and continuation of proceedings against a corporate debtor, but it does not bar proceedings initiated by the corporate debtor, such as a counter-claim.
The Bombay High Court, in the case of A A Estates Pvt. Ltd. v. Govind Niwas Co-operative Housing Society Ltd., addressed the jurisdictional boundaries of arbitral tribunals and the application of the insolvency moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC). The dispute arose from a 2010…