SC, Arbitration award pronounced after approval of resolution plan cannot be sustained: Case of Electrosteel Steel Limited vs Ispat Carrier Private Limited, SC Judgement Dated 21st April 2025. The apex court held that arbitration proceeding culminating into award post approval of resolution plan by NCLT is not tenable in law since it loses its jurisdiction to proceed and pronounce arbitral award in view of approved resolution plan. (SC Judgement Dated 21/04/2025)