Arbitrator Involved In Another Dispute Between Same Parties Is Not Automatically Disqualified: Karnataka High Court

The NCLT Mumbai issued notice to a corporate guarantor for recalling a loan facility, requiring it to pay the outstanding dues. The case involves a demand by the financial creditor against the corporate guarantor under the Insolvency & Bankruptcy Code. The tribunal's decision could impact corporate compliance and banking sectors, emphasizing the legal implications of loan facilities and guarantees in corporate governance.