https://www.scconline.com/blog/post/2023/02/10/in-cases-of-urgency-and-to-preserve-partys-rights-arbitral-proceedings-can-be-initiated-even-when-conciliation-proceedings-were-pending-delhi-high-court-legal-research-updates-news/
In cases of urgency and to preserve party's rights, arbitral proceedings can be initiated even when conciliation proceedings were pending: Delhi High Court