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Inside the Tata Resource Ltd. v. Priyanka Telecommunications (India) Pvt. Ltd. 1 , the newest Bombay High Courtroom treated a significant thing regarding your interplay between arbitration clauses and you will legal treatments available below unique guidelines such as for instance while the SARFAESI Work plus the Healing out-of Debts On account of Banking institutions and you will Creditors Operate (“RDDB Act”). The new Highest Judge reaffirmed that initiation out-of statutory process under these types of rules does not automatically void a keen arbitration arrangement, until explicitly prohibited because of the statute. Continue reading “Bombay Higher Legal Upholds Arbitration Even with Multiple SARFAESI Process”