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    <title>2000 (12) TMI 915 - COMPANY LAW BOARD, PRINCIPAL, NEW DELHI</title>
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    <description>A permissive arbitration clause in the shareholders&#039; agreement and articles did not make arbitration the exclusive remedy for an oppression and mismanagement dispute, especially where the documents preserved other contractual and court remedies. On that construction, the dispute was not shown to fall within a binding arbitration agreement requiring reference under section 8. The section 8 request also failed because the respondents had already filed a substantive reply and further applications, which amounted to a statement on the substance of the dispute and made the application time-barred. The request to refer the matter to arbitration was therefore rejected.</description>
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      <link>https://www.taxtmi.com/caselaws?id=279233</link>
      <description>A permissive arbitration clause in the shareholders&#039; agreement and articles did not make arbitration the exclusive remedy for an oppression and mismanagement dispute, especially where the documents preserved other contractual and court remedies. On that construction, the dispute was not shown to fall within a binding arbitration agreement requiring reference under section 8. The section 8 request also failed because the respondents had already filed a substantive reply and further applications, which amounted to a statement on the substance of the dispute and made the application time-barred. The request to refer the matter to arbitration was therefore rejected.</description>
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