https://www.taxtmi.com/caselaws?id=196517 The court concluded that Clause 16 of the MoU applies to all parties, including Godrej, restricting the dealing of shares until the company is listed on a stock exchange. It found no breaches of the MoU by the petitioners and dismissed allegations of suppression of material facts. The court interpreted the arbitration agreement to cover disputes among minority shareholders and granted an injunction to maintain the status quo of shares until arbitration. The appeals were dismissed, the injunction upheld, and arbitration applications allowed, as the petitioners had a strong case and the balance of convenience favored them. en-us Tue, 18 Sep 2012 00:00:00 +0530 Mon, 04 Dec 2017 16:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196517 The court concluded that Clause 16 of the MoU applies to all parties, including Godrej, restricting the dealing of shares until the company is listed on a stock exchange. It found no breaches of the MoU by the petitioners and dismissed allegations of suppression of material facts. The court interpreted the arbitration agreement to cover disputes among minority shareholders and granted an injunction to maintain the status quo of shares until arbitration. The appeals were dismissed, the injunction upheld, and arbitration applications allowed, as the petitioners had a strong case and the balance of convenience favored them. Case-Laws Indian Laws Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196517