https://www.taxtmi.com/caselaws?id=440835 The Supreme Court set aside the High Court's decision and dismissed applications under Section 8 of the Arbitration and Conciliation Act 1996. The Court found that parties not part of the arbitration agreement were involved in the suits, rendering the reference to arbitration erroneous. Emphasizing that non-family shareholdings could not be bound by the MoU terms, the Court invalidated consequential orders by the trial Judge. The appeals were allowed, and any pending applications were disposed of accordingly. en-us Tue, 25 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440835 The Supreme Court set aside the High Court's decision and dismissed applications under Section 8 of the Arbitration and Conciliation Act 1996. The Court found that parties not part of the arbitration agreement were involved in the suits, rendering the reference to arbitration erroneous. Emphasizing that non-family shareholdings could not be bound by the MoU terms, the Court invalidated consequential orders by the trial Judge. The appeals were allowed, and any pending applications were disposed of accordingly. Case-Laws Indian Laws Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440835