NCLAT has no power to stay hands of High Court in hearing Section 9 petition or any other plea under Arbitration Act: Bombay High Court

"I do not not see how the words 'court of law' can be 'read down', because other than the NCLT, there is no other judicial authority over which the NCLAT exercises such superintending power," Justice Patel observed.
Bombay High Court
Bombay High Court

Is a stay order by the National Company Law Appellant Tribunal (NCLAT) on institution or continuation of suits or other proceedings against a company and its entities binding on High Courts? The Bombay High Court has answered in the negative.

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