https://www.taxtmi.com/caselaws?id=426924 An order of the NCLT allowing reference of an oppression and mismanagement petition to arbitration was appealable under Section 421 of the Companies Act notwithstanding the limited appeal structure under the Arbitration and Conciliation Act. Proceedings under Sections 241 and 242 are statutory remedies involving reliefs reserved to the Tribunal and are non-arbitrable by necessary implication, so the company petition had to proceed on merits before the Tribunal. The transfer and impleadment requests were rejected for want of sufficient grounds, and the contempt/perjury applications failed because no wilful disobedience of any express order was shown. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sat, 24 Sep 2022 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426924 An order of the NCLT allowing reference of an oppression and mismanagement petition to arbitration was appealable under Section 421 of the Companies Act notwithstanding the limited appeal structure under the Arbitration and Conciliation Act. Proceedings under Sections 241 and 242 are statutory remedies involving reliefs reserved to the Tribunal and are non-arbitrable by necessary implication, so the company petition had to proceed on merits before the Tribunal. The transfer and impleadment requests were rejected for want of sufficient grounds, and the contempt/perjury applications failed because no wilful disobedience of any express order was shown. Case-Laws Companies Law Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426924