NCLT Cannot Adjudicate Disputed Contractual Claims During Liquidation Under IBC If There Exists An Arbitration Clause: NCLAT Chennai

NCLAT Chennai ruled that NCLT cannot adjudicate disputed contractual claims during liquidation if an arbitration clause exists. The judgment preserves parties' contractual dispute resolution mechanisms even in insolvency, unless specific IBC provisions apply. It clarifies that liquidation doesn't automatically override arbitration agreements, maintaining the sanctity of commercial contracts while allowing the insolvency process to proceed for other matters.