Between The Lines... January, 2021

I. Supreme Court: Proceedings under Section 34 of the Arbitration and Conciliation Act, 1996 not maintainable against foreign award

II. NCLAT: Creditor could not be restrained from simultaneously initiating CIRP against both the principal borrower and the guarantor

III. Supreme Court: Tenancy disputes under Transfer of Property Act, 1882 are arbitrable except when governed by rent control legislations

IV. NCLAT: Reiterated that rent is not to be considered as an operational debt under the IBC