Court will stay or dismiss winding up petition where petition debt subject to arbitration (Court of Appeal) | Practical Law

Court will stay or dismiss winding up petition where petition debt subject to arbitration (Court of Appeal) | Practical Law

In Salford Estates (No.2) Ltd v Altomart Ltd [2014] EWCA 1575 Civ, the Court of Appeal considered whether the mandatory stay imposed by section 9 of the Arbitration Act 1996 applies to a winding up petition presented on the grounds of the company being unable to pay its debts.

Court will stay or dismiss winding up petition where petition debt subject to arbitration (Court of Appeal)

by Practical Law Restructuring and Insolvency
Published on 10 Dec 2014 • England, Wales
In Salford Estates (No.2) Ltd v Altomart Ltd [2014] EWCA 1575 Civ, the Court of Appeal considered whether the mandatory stay imposed by section 9 of the Arbitration Act 1996 applies to a winding up petition presented on the grounds of the company being unable to pay its debts.