https://www.taxtmi.com/caselaws?id=103455 Interim restraint under section 9 of the Arbitration and Conciliation Act, 1996 was found unwarranted where the impugned corporate action could be tested through the ordinary corporate process and the underlying dispute was referable to arbitration. The court applied the settled interlocutory relief tests of prima facie case, balance of convenience, and irreparable injury, and declined to stay the annual general meeting or suspend consideration of the managing director's appointment. The Board's appointment was treated as provisional, with its final efficacy dependent on shareholder approval and the outcome of the arbitral process under the parties' joint venture arrangement. en-us Mon, 22 Sep 1997 00:00:00 +0530 Wed, 22 Feb 2012 18:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103455 Interim restraint under section 9 of the Arbitration and Conciliation Act, 1996 was found unwarranted where the impugned corporate action could be tested through the ordinary corporate process and the underlying dispute was referable to arbitration. The court applied the settled interlocutory relief tests of prima facie case, balance of convenience, and irreparable injury, and declined to stay the annual general meeting or suspend consideration of the managing director's appointment. The Board's appointment was treated as provisional, with its final efficacy dependent on shareholder approval and the outcome of the arbitral process under the parties' joint venture arrangement. Case-Laws Companies Law Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103455