The Corporate Debtor, Sonata Information Technology Limited, filed an application under Section 8 of the Arbitration and Conciliation Act, 1996, read with Regulation 44 of the Company Law Board Regulations, 1991, seeking a referral to arbitration. The Operational Creditor, Express Publications (Madurai) Private Limited, had initiated Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor argued that the matter should be referred to arbitration due to an existing arbitration clause in an agreement dated 2020-03-30 between the parties. The Operational Creditor contended that the arbitration clause did not govern the transaction related to the CIRP initiation and that the Corporate Debtor initiated
…Express Publications (Madurai) Private Limited, the Operational Creditor, initiated CIRP against Sonata Information Technology Limited, the Corporate Debtor, under Section 9 of the IBC. The Corporate Debtor filed an application under Section 8 of the Arbitration and Conciliation Act, 1996, seeking to refer the matter to arbitration based on an agreement dated 2020-03-30 containing an arbitration clause. The Operational Creditor argued that the arbitration clause did not govern the specific transaction related to the CIRP. The Operational Creditor also contended that the Corporate Debtor initiated arbitration proceedings after receiving a demand notice dated 2021-10-28 under Section 8 of the IBC. The Respondent filed their reply dated 2022-09-04 under SR 5211 on
…Sign in to view the parties.
Agreement entered…
Corporate Debtor…
The Corporate Debtor, Sonata Information Technology Limited, filed an application under Section 8 of the Arbitration and Conciliation Act, 1996, read with Regulation 44 of the Company Law Board Regulations, 1991, seeking a referral to arbitration. The Operational Creditor, Express Publications (Madurai) Private Limited, had initiated Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor argued that the matter should be referred to arbitration due to an existing arbitration clause in an agreement dated 2020-03-30 between the parties. The Operational Creditor contended that the arbitration clause did not govern the transaction related to the CIRP initiation and that the Corporate Debtor initiated
…Express Publications (Madurai) Private Limited, the Operational Creditor, initiated CIRP against Sonata Information Technology Limited, the Corporate Debtor, under Section 9 of the IBC. The Corporate Debtor filed an application under Section 8 of the Arbitration and Conciliation Act, 1996, seeking to refer the matter to arbitration based on an agreement dated 2020-03-30 containing an arbitration clause. The Operational Creditor argued that the arbitration clause did not govern the specific transaction related to the CIRP. The Operational Creditor also contended that the Corporate Debtor initiated arbitration proceedings after receiving a demand notice dated 2021-10-28 under Section 8 of the IBC. The Respondent filed their reply dated 2022-09-04 under SR 5211 on
…Agreement entered…
Corporate Debtor…