https://www.taxtmi.com/caselaws?id=100270 Article notes that applications under section 20 of the Arbitration Act are governed by Article 137 of the Limitation Act, so claims arising from defaults within three years of the application remain within time, while earlier portions may be left to the arbitrator after reference. It also explains that a director's fiduciary duty requires acting in the company's interest, and mere disclosure of interest does not validate a one-sided distributorship agreement that secures personal advantage and harms the company. On that reasoning, such an agreement is voidable at the company's instance, and an arbitration clause embedded in it does not survive avoidance. en-us Tue, 05 Jul 1983 00:00:00 +0530 Tue, 31 Jan 2012 17:43:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100270 Article notes that applications under section 20 of the Arbitration Act are governed by Article 137 of the Limitation Act, so claims arising from defaults within three years of the application remain within time, while earlier portions may be left to the arbitrator after reference. It also explains that a director's fiduciary duty requires acting in the company's interest, and mere disclosure of interest does not validate a one-sided distributorship agreement that secures personal advantage and harms the company. On that reasoning, such an agreement is voidable at the company's instance, and an arbitration clause embedded in it does not survive avoidance. Case-Laws Companies Law Tue, 05 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100270