Disputes u/ss 397-403 of Companies Act cannot be referred to arbitration u/s 8 of Arbitration Act.

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....Application u/s 8 of the Arbitration and Conciliation Act, 1996 - Whether the dispute raised in a properly filed petition under sections 397, 398, 402 and 403 of the Companies Act can be referred to arbitration in accordance with the agreement between the parties? - Held No - CLB....