https://www.taxtmi.com/caselaws?id=96950 A voluntary liquidator under the Companies Act, 1913 was held to have no express or incidental authority to refer company disputes to arbitration. The court reasoned that section 152 dealt specifically with a company's power to arbitrate, while sections 179, 205 and 207 did not transfer that power to the liquidator; the residuary words in section 179 were confined by ejusdem generis and could not be expanded to private arbitration. The Act also required company sanction for compromises affecting rights or liabilities, confirming that the liquidator could not bind the company and its assets by such a reference. The resulting arbitration reference and award were therefore without effect. en-us Mon, 10 Feb 1947 00:00:00 +0530 Fri, 13 Jan 2012 13:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96950 A voluntary liquidator under the Companies Act, 1913 was held to have no express or incidental authority to refer company disputes to arbitration. The court reasoned that section 152 dealt specifically with a company's power to arbitrate, while sections 179, 205 and 207 did not transfer that power to the liquidator; the residuary words in section 179 were confined by ejusdem generis and could not be expanded to private arbitration. The Act also required company sanction for compromises affecting rights or liabilities, confirming that the liquidator could not bind the company and its assets by such a reference. The resulting arbitration reference and award were therefore without effect. Case-Laws Companies Law Mon, 10 Feb 1947 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96950