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    <title>2004 (10) TMI 616 - DELHI HIGH COURT</title>
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    <description>The court upheld the Company Law Board&#039;s decision to refer disputes covered by the arbitration clause in the sponsorship agreement to arbitration while retaining jurisdiction over independent allegations of oppression and mismanagement under Section 397/398 of the Companies Act, 1956. The court found that the CLB&#039;s approach was justified and dismissed the appeal, affirming the bifurcation of issues based on the arbitration clause and statutory provisions of the Companies Act.</description>
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      <description>The court upheld the Company Law Board&#039;s decision to refer disputes covered by the arbitration clause in the sponsorship agreement to arbitration while retaining jurisdiction over independent allegations of oppression and mismanagement under Section 397/398 of the Companies Act, 1956. The court found that the CLB&#039;s approach was justified and dismissed the appeal, affirming the bifurcation of issues based on the arbitration clause and statutory provisions of the Companies Act.</description>
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