Calcutta HC Appoints Arbitrator, Holds NCLT Proceedings Do Not Bar Arbitration

SREI Equipment Finance Limited Vs Kitply Industries Limited (Calcutta High Court) The Calcutta High Court, in the matter of SREI Equipment Finance Limited Vs Kitply Industries Limited, has allowed an application for the appointment of a sole arbitrator, ruling that the pendency of proceedings under the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal (NCLT) does not automatically preclude the invocation of a valid contractual arbitration clause for debt recovery. The Loan and Default The petitioner, SREI Equipment Finance Limited (a non-banking finance company), so...