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    <title>2002 (2) TMI 1319 - Company Law Board</title>
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    <description>A company petition alleging oppression and mismanagement was treated as referable to arbitration because the reliefs arose entirely from a share-sale agreement containing an arbitration clause. The disputed matters included alleged non-performance of the employment arrangement, instalment payments, transfer of shares, challenge to resignation, and restraint on board changes, all of which were contractual controversies covered by the clause. The breadth of section 402 of the Companies Act, 1956, was not treated as overriding section 8 of the Arbitration and Conciliation Act, 1996 where the dispute was bona fide and contractual. As the respondents applied before their first substantive statement, the statutory requirement to refer the parties to arbitration was satisfied.</description>
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    <pubDate>Mon, 04 Feb 2002 00:00:00 +0530</pubDate>
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      <title>2002 (2) TMI 1319 - Company Law Board</title>
      <link>https://www.taxtmi.com/caselaws?id=171256</link>
      <description>A company petition alleging oppression and mismanagement was treated as referable to arbitration because the reliefs arose entirely from a share-sale agreement containing an arbitration clause. The disputed matters included alleged non-performance of the employment arrangement, instalment payments, transfer of shares, challenge to resignation, and restraint on board changes, all of which were contractual controversies covered by the clause. The breadth of section 402 of the Companies Act, 1956, was not treated as overriding section 8 of the Arbitration and Conciliation Act, 1996 where the dispute was bona fide and contractual. As the respondents applied before their first substantive statement, the statutory requirement to refer the parties to arbitration was satisfied.</description>
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