https://www.taxtmi.com/caselaws?id=242414 The Bombay High Court asserted jurisdiction to entertain a petition under Section 9 of the Arbitration and Conciliation Act, 1996, despite a prior application in the Gujarat High Court. The respondents were found liable for breaching the Share Purchase Agreement and Share Subscription Agreement by not disclosing liabilities and hindering valuation. The court enforced indemnification obligations and imposed interim measures to prevent asset transfers aimed at evading arbitration awards, securing the petitioner's claims. The respondents were directed to comply with contractual obligations to prevent circumvention of potential arbitration outcomes. en-us Fri, 10 Jan 2014 00:00:00 +0530 Wed, 15 Jan 2014 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242414 The Bombay High Court asserted jurisdiction to entertain a petition under Section 9 of the Arbitration and Conciliation Act, 1996, despite a prior application in the Gujarat High Court. The respondents were found liable for breaching the Share Purchase Agreement and Share Subscription Agreement by not disclosing liabilities and hindering valuation. The court enforced indemnification obligations and imposed interim measures to prevent asset transfers aimed at evading arbitration awards, securing the petitioner's claims. The respondents were directed to comply with contractual obligations to prevent circumvention of potential arbitration outcomes. Case-Laws Companies Law Fri, 10 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242414