Case Law Analysis
|Bombay High Court
IBC Section 14(1)(a) | Moratorium Bars Proceedings Against, Not By, Corporate Debtor; Counter Claims Permitted During CIRP : Bombay HC
The court held that a terminated development agreement is not an 'asset' under Section 14(1)(d), and the Adjudicating Authority's jurisdiction under Section 60(5)(c) is confined to disputes arising directly from insolvency. This permits arbitration proceedings initiated by the corporate debtor to continue during CIRP.