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    <title>2018 (4) TMI 1412 - Supreme Court</title>
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    <description>A non-signatory nominee deriving title through a signatory to a share purchase agreement may be bound by the arbitration clause and the resulting award where the transaction, conduct, and express reference to the underlying agreement show an intention to accept the composite arrangement. The Court also treated rectification of the company&#039;s register as the proper statutory mechanism to implement a final award directing transmission of shares, since delivery of share certificates alone would not complete transfer. The rectification proceeding was maintainable and not barred as a fresh arbitral challenge. The award was upheld and given effect through rectification of the register.</description>
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      <link>https://www.taxtmi.com/caselaws?id=359301</link>
      <description>A non-signatory nominee deriving title through a signatory to a share purchase agreement may be bound by the arbitration clause and the resulting award where the transaction, conduct, and express reference to the underlying agreement show an intention to accept the composite arrangement. The Court also treated rectification of the company&#039;s register as the proper statutory mechanism to implement a final award directing transmission of shares, since delivery of share certificates alone would not complete transfer. The rectification proceeding was maintainable and not barred as a fresh arbitral challenge. The award was upheld and given effect through rectification of the register.</description>
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