This Article on Prominence of Liquidation over arbitral award with reference to Surana Power Ltd v BHEL is written by Pushti Dublish,  pursuing B.A. LL.B. from Galgotias University. INTRODUCTION In a recent case of Surana Power Ltd v BHEL, [1] the National Company Law Appellate Tribunal (hereinafter referred to as NCLAT) while setting aside the