The intersection of arbitration law and insolvency legislation has consistently presented complex jurisdictional and substantive challenges for Indian courts and tribunals. The National Company Law Tribunal, Chandigarh Bench, recently delivered a significant ruling in Parvinder Singh (Resolution Professional) v. Neel-Rattan Enterprises Private Limited and Others, IA(IBC)/713(CH)/2023 in CP(IB) No. 62/Chd/Pb/2019, decided on 21 April 2026, by a Bench comprising Shri K. Biswal (Judicial Member) and Shri Kaushalendra Kumar Singh (Technical Member). This judgment addresses the critical question of whether an arbitral award predating the commencement of Corporate Insolvency Resolution Process can be executed during the moratorium period, and more fundamentally, whether the Resolution Professional’s statutory duty to secure corporate assets yields to prior arbitration-based possessory rights. The case involved Aabha Industries Limited as the Corporate Debtor, with Parvinder Singh serving as
