Union Bank of India filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Era Infra Engineering Limited. A similar application, CA-1224(PB)/2018, was previously considered. The Resolution Professional's counsel, Mr. Atul Sharma, stated that the Arbitral Tribunal could hear claims and counterclaims but no recovery could be made from the corporate debtor during the moratorium period. This concession was made without prejudice to the rights of the corporate debtor. The NCLT disposed of the application, directing the Arbitral Tribunal to proceed accordingly. The judgment dated 2018-08-03 rendered by the National Company Appellate Law Tribunal in Company Appeal (AT) (Insolvency) No. 285/2018 is relevant to the claim.

Union Bank of India filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Era Infra Engineering Limited. A similar application, CA-1224(PB)/2018, was previously considered. The Resolution Professional's counsel, Mr. Atul Sharma, stated that the Arbitral Tribunal could hear claims and counterclaims but no recovery could be made from the corporate debtor during the moratorium period. This concession was made without prejudice to the rights of the corporate debtor. The NCLT disposed of the application, directing the Arbitral Tribunal to proceed accordingly. The judgment dated 2018-08-03 rendered by the National Company Appellate Law Tribunal in Company Appeal (AT) (Insolvency) No. 285/2018 is relevant to the claim.