# In the matter of Lalit Mohan vs. National Agricultural Co. Federation of India Ltd.

> HC judgment dated 2024-10-01. Citation: TCN-2024-HC-00025. The present petition challenges an order dated September 7, 2024, passed by the Arbitral Tribunal…

- **Court:** HC
- **Order date:** 1 Oct 2024
- **Citation:** TCN-2024-HC-00025
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-new-delhi/lalit-mohan-vs-national-agricultural-co-federation-of-india-ltd-bb38b008

## Summary

### Background

The present petition challenges an order dated September 7, 2024, passed by the Arbitral Tribunal in ongoing arbitration proceedings between Lalit Mohan (Petitioner) and M/S. National Agricultural Co. Federation of India Ltd. (NAFED) (Respondent). The Arbitral Tribunal's order addressed an adjournment request and the feasibility of signing the award while keeping it in abeyance pending a decision on the Respondent's application. The Petitioner argues that the order violates Section 96 of the Insolvency and Bankruptcy Code (IBC) regarding moratorium on legal proceedings once insolvency proceedings are initiated.

## Facts

Lalit Mohan (Petitioner) initiated a writ petition challenging an order dated September 7, 2024, passed by the Arbitral Tribunal in arbitration proceedings with M/S. National Agricultural Co. Federation of India Ltd. (NAFED) (Respondent). The Arbitral Tribunal's order concerned an adjournment request and the potential signing of an award, held in abeyance pending a decision on the Respondent's application. During the arbitration, personal insolvency proceedings were initiated against the Petitioner under Section 94 of the Insolvency and Bankruptcy Code, 2016, before the NCLT. The Petitioner sought a moratorium on the arbitration proceedings based on Section 96 of the IBC. The Arbitral Tribunal acknowledged the insolvency proceedings but considered signing the award

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## Issues and analysis

### Issue 1: Whether the Arbitral Tribunal's order, considering the signing of an award while keeping it in …

**Ratio:** The jurisdiction of the Court under Articles 226 and 227 of the Constitution of India,

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**Reasoning:** The Court reasoned that the Arbitral Tribunal's order was procedural in nature and did

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**Interpretation:** The court interpreted Section 96 of the IBC in the context of ongoing

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**Application:** The court applied the principle that it should not interfere with procedural

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## Parties

- **Judges:** Sanjeev N…
- **Appellants:** Lalit M…
- **Respondents:** M/S. NATIONAL…
- **Other parties:** Kohi…

## Timeline

- **2024-09-07 — Arbitral Tribu…**: The Arbitral Tribunal passed an order addressing an adjournment request and the…
- **2024-10-01 — High Court…**: The High Court dismissed the petition…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 94 — Application by debtor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-94)

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