SARFAESI Act Doesn't Bar Arbitration, Coexistence Acknowledged: Bombay HC's Ruling
In a recent order passed by the Bombay High Court in Commercial Arbitration Petition (L) No.8654 of 2022 and Commercial Arbitration Petition (L) No.25821 of 2022, the court delved into the intricacies of the Arbitration and Conciliation Act, 1996 concerning a dispute involving a financial institution. The case involves a petitioner, Durga Financial Services Pvt. Ltd., and respondents, Transworld Enterprises, shedding light on the conflict between arbitration proceedings and the…
