1.0Law Times Journalhttps://lawtimesjournal.inSHIKHA MISHRAhttps://lawtimesjournal.in/author/shikha-mishra/The application u/s 34 of the Arbitration Act is covered by deferment under IBC 14: SCrich600338<blockquote class="wp-embedded-content" data-secret="1xM7tkp8az"><a href="https://lawtimesjournal.in/the-application-u-s-34-of-the-arbitration-act-is-covered-by-deferment-under-ibc-14-sc/">The application u/s 34 of the Arbitration Act is covered by deferment under IBC 14: SC</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://lawtimesjournal.in/the-application-u-s-34-of-the-arbitration-act-is-covered-by-deferment-under-ibc-14-sc/embed/#?secret=1xM7tkp8az" width="600" height="338" title="“The application u/s 34 of the Arbitration Act is covered by deferment under IBC 14: SC” — Law Times Journal" data-secret="1xM7tkp8az" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://lawtimesjournal.in/wp-content/uploads/2021/03/2021-03-03-3.jpg1213628The SC has held that an application under Section 34 of the Arbitration and Conciliation Act to cancel an award is covered by deferment under Section 14 of the Insolvency and Bankruptcy Code. Section 34 proceedings are proceedings relating to challenge for an arbitral award in a court against a corporate debtor and will be covered in the same manner as a decree emanating from a suit will cover appellate proceedings, a bench headed by Justice Nariman Commented in the decision of M / s Shah Brothers Ispat Ltd. versus P. Mohanraj and others.