https://www.taxtmi.com/caselaws?id=110217 An anti-suit injunction against ICC arbitration in a contractually chosen foreign forum requires a clear showing of oppression, vexation, or other exceptional circumstances; otherwise, discretionary inherent powers should not be used to restrain the arbitration. Clause 14.3 of the shareholders' agreement did not bar minority shareholders from pursuing derivative arbitration under the separate power purchase agreement, and res judicata did not apply because the prior proceedings, parties, and capacity were materially different. The application for anti-suit relief was therefore unsustainable, and the refusal of injunction was treated as legally valid. en-us Fri, 08 Oct 2004 00:00:00 +0530 Wed, 05 Jun 2024 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110217 An anti-suit injunction against ICC arbitration in a contractually chosen foreign forum requires a clear showing of oppression, vexation, or other exceptional circumstances; otherwise, discretionary inherent powers should not be used to restrain the arbitration. Clause 14.3 of the shareholders' agreement did not bar minority shareholders from pursuing derivative arbitration under the separate power purchase agreement, and res judicata did not apply because the prior proceedings, parties, and capacity were materially different. The application for anti-suit relief was therefore unsustainable, and the refusal of injunction was treated as legally valid. Case-Laws Companies Law Fri, 08 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110217