Madras HC Quashes MSME Award as Claim Not Filed During CIRP

Capricon Food Products Indian Limited Vs Conveyor Engineering Systems (Madras High Court) The Madras High Court considered a Civil Revision Petition challenging an order of the executing court that had allowed execution proceedings to recover ₹34,53,303 based on an award passed by the Micro, Small and Medium Enterprises (MSME) Council. The petitioner, who was the respondent/judgment debtor in the execution petition, argued that the execution proceedings were not maintainable because the company had undergone a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy...