Tag: I&B CODE

PROMINENCE OF LIQUIDATION OVER ARBITRAL AWARD

PROMINENCE OF LIQUIDATION OVER ARBITRAL AWARD

This Article 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 order of the National Company Law Tribunal (NCLT) ruled out that the liquidation process of

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