https://www.taxtmi.com/caselaws?id=303128 An anti-arbitration injunction restraining commencement and continuation of arbitral proceedings was held unsustainable because pending company-petition proceedings did not, by themselves, justify stalling arbitration. The tribunal's objections on overlap with oppression and mismanagement claims, waiver, and maintainability were matters to be tested within the arbitral framework, and a subordinate forum could not restrain proceedings before a non-subordinate arbitral forum except in rare and exceptional cases. The company tribunal also exceeded its limits by extending status quo relief and deferring the arbitration objection on a technical basis. The restraint on arbitration was vacated, and the parties were left to pursue their disputes under the arbitration agreement and governing law. en-us Tue, 22 Jun 2021 00:00:00 +0530 Wed, 06 Jul 2022 00:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303128 An anti-arbitration injunction restraining commencement and continuation of arbitral proceedings was held unsustainable because pending company-petition proceedings did not, by themselves, justify stalling arbitration. The tribunal's objections on overlap with oppression and mismanagement claims, waiver, and maintainability were matters to be tested within the arbitral framework, and a subordinate forum could not restrain proceedings before a non-subordinate arbitral forum except in rare and exceptional cases. The company tribunal also exceeded its limits by extending status quo relief and deferring the arbitration objection on a technical basis. The restraint on arbitration was vacated, and the parties were left to pursue their disputes under the arbitration agreement and governing law. Case-Laws Companies Law Tue, 22 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303128