Can Financial Creditor and Corporate Debtor be referred to arbitration while deciding plea under Section 7 IBC? NCLT answers

Can Financial Creditor and Corporate Debtor be referred to arbitration while deciding plea under Section 7 IBC?  NCLT answers
NCLT, Mumbai

The National Company Law Tribunal, Mumbai has held that a Financial Creditor and a Corporate Debtor can be referred to arbitration while deciding a plea under Section 7 IBC if the dispute between them is arbitrable and has a bearing on the judicial determination of the existence of a default. (Kotak India Venture Fund-I vs Indus Biotech Private Limited)

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