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    <title>2006 (12) TMI 565 - Company Law Board</title>
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    <description>A company petition alleging oppression and mismanagement was treated as arising directly from the parties&#039; Term Sheet, Investor Rights Agreement and Reciprocal Obligations Agreement, each containing an arbitration clause. The Board considered the grievances to be contractual disputes framed as oppression and mismanagement claims, with the petition covering the same subject matter as the agreements. Applying the mandatory wording of Section 8 of the Arbitration and Conciliation Act, 1996, it held that the disputes had to be referred to arbitration and could not be adjudicated in the company petition.</description>
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    <pubDate>Tue, 26 Dec 2006 00:00:00 +0530</pubDate>
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      <title>2006 (12) TMI 565 - Company Law Board</title>
      <link>https://www.taxtmi.com/caselaws?id=280632</link>
      <description>A company petition alleging oppression and mismanagement was treated as arising directly from the parties&#039; Term Sheet, Investor Rights Agreement and Reciprocal Obligations Agreement, each containing an arbitration clause. The Board considered the grievances to be contractual disputes framed as oppression and mismanagement claims, with the petition covering the same subject matter as the agreements. Applying the mandatory wording of Section 8 of the Arbitration and Conciliation Act, 1996, it held that the disputes had to be referred to arbitration and could not be adjudicated in the company petition.</description>
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      <pubDate>Tue, 26 Dec 2006 00:00:00 +0530</pubDate>
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