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Arbitration Insolvency Part 4
Arbitration Insolvency Part 4
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de ned in the Code. The Hon’ble Supreme Court while considering
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be classi ed as default till the dispute between the parties concerning
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Rakesh Malhotra v. Rajinder Kumar Malhotra, 2014 SCC OnLine Bom 1146 :� � �
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Innoventive Industries Ltd. v. ICICI Bank, (2018) 1 SCC 407, ¶ 30 (hereinafter
‘Innoventive Industries¶
284 INDUS BIOTECH V. KOTAK INDIA VENTURE
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The GNLU Law Review - Volume 8 │ December 285
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Thus, the judgment smudges the di�erence between the two classes of
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initiating CIRP for the nancial creditors and replaces it with a rather
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Preference Shares (OCRPS) assuming it to be nancial debt. However,
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con ict between arbitration and Insolvency. However, this mistake
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Various jurisdictions across the globe have dealt with the con ict of
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