The Applicant, M/s. Sunflag Iron & Steel Co. Limited, submitted an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, as amended (for short, ‘the A & C Act’) for the appointment of an arbitrator as per the Arbitration Agreement between the Applicant, Sunflag Iron & Steel Co. Ltd. and M/s. J. Poonamchand & Sons. However, M/s. J. Poonamchand & Sons had previously approached the National Company Law Tribunal (for short ‘NCLT’) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (for short ‘IBC’) against Sunflag.
