Supreme Court Approves Set-Off of Extinguished Counterclaims in Arbitration Post-CIRP; Legal Implications Highlighted by adrEdge. The Supreme Court of India, in, examined the interplay between the clean slate principle under the Insolvency and Bankruptcy Code, 2016 (IBC) and the right to raise a counterclaim in arbitration after approval of a resolution plan. The Court upheld the continuation of arbitration proceedings while permitting the appellant to use its extinguished cl

Madras High Court pauses Section 11 arbitration proceedings as NCLAT appeal is pending. Jagson Colorchem Ltd. v. Jayapushpam Investments and Trading Pvt. Ltd. High Court of Madras | 1 September 2026 The Madras High Court recently considered whether a petition seeking appointment of an arbitrator under Section 11 of the Arbitration and Conciliation Act, 1996 could proceed while an appeal relating to insolvency proceedings was pending before the National Company Law