The debt arising out of foreign arbitral awards cannot be considered as Financial Debt, but the same can be treated as “Other Debts” and since claim has reached finality in the view of decree of competent foreign arbitral forums and only the execution is pending before High Court, the claim should be admitted in full and provision should have been made out of the Resolution Plan value – Rishima SA Investments LLC (Mauritius) v. Avishek Gupta, RP of Sarga Hotels Pvt. Ltd. – NCLT Kolkata Bench

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