#successor-in-interest

The Supreme Court ruled that legal representatives of a deceased party to an arbitration agreement can challenge an arbitral award under Section 34 of the Arbitration Act, 1996, but cannot invoke Article 227 of the Constitution. This clarifies the exclusive remedy available to successors in interest, reinforcing the 'complete code' nature of the Arbitration Act.

The Madhya Pradesh High Court has ruled that once a resolution plan is approved under IBC Section 31, state revenue authorities are legally bound to update land records to reflect the new owner’s name. Failure to do so undermines the statutory efficacy of the insolvency outcome and impedes the successor’s ability to secure financing, obtain NOCs, or enforce title rights - directly harming corporate recovery and financial stability.