https://www.taxtmi.com/caselaws?id=298789 The court set aside the award in a case involving a breach of a Share Purchase Agreement (SPA) and the legality of a share repurchase option. The court held that the arbitrator's view that the share repurchase option was illegal and unenforceable was incorrect. The court also ruled that cross-objections by the Respondents were impermissible under Section 34 of the Arbitration Act. The petition succeeded, and no costs were awarded. en-us Wed, 27 Mar 2019 00:00:00 +0530 Sat, 20 Nov 2021 09:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298789 The court set aside the award in a case involving a breach of a Share Purchase Agreement (SPA) and the legality of a share repurchase option. The court held that the arbitrator's view that the share repurchase option was illegal and unenforceable was incorrect. The court also ruled that cross-objections by the Respondents were impermissible under Section 34 of the Arbitration Act. The petition succeeded, and no costs were awarded. Case-Laws SEBI Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298789