Mr. C. Satyanarayana, claiming to be an Operational Creditor, filed an appeal against the Adjudicating Authority's order dated 26th November 2018, which rejected his prayer to resume an arbitral proceeding. The arbitral proceeding was pending since 2012. The Appellant had filed a claim, and the Corporate Debtor had filed a counter-claim. The Respondent's counsel submitted that a resolution plan had been approved by the Committee of Creditors and placed before the Adjudicating Authority for approval under Section 31. The key facts are the pending arbitral proceeding, the existence of a resolution plan under consideration, and the Appellant's status as an Operational Creditor.

Mr. C. Satyanarayana, claiming to be an Operational Creditor, filed an appeal against the Adjudicating Authority's order dated 26th November 2018, which rejected his prayer to resume an arbitral proceeding. The arbitral proceeding was pending since 2012. The Appellant had filed a claim, and the Corporate Debtor had filed a counter-claim. The Respondent's counsel submitted that a resolution plan had been approved by the Committee of Creditors and placed before the Adjudicating Authority for approval under Section 31. The key facts are the pending arbitral proceeding, the existence of a resolution plan under consideration, and the Appellant's status as an Operational Creditor.