1988 (4) TMI 319

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....d by three of the respondents in Company Petition No. 1 of 1988. The prayer in the application is to stay further proceedings in the company petition on the ground that the petitioner cannot maintain this petition under section 582 of the Companies Act for the winding up of the firm as an unregistered company and as they have not exhausted the remedy of arbitration to resolve the dispute between t....

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....be such that the suit should be stayed in order to give effect to the provisions in the agreement to those who seek resolution of their disputes. On that principle, they held that entitlement of parties to get their civil dispute adjudicated under section 9, Civil Procedure Code, would stand barred by section 34 of the Arbitration Act. But it is not the case here. Here, there is no relief sough....