Arbitration - CLB - companies act - arbitrability - Foreign court - dispute - Section 397, 398, 402 - oppression - mismanagment - Supreme Court
1. Is a dispute brought before the Company Law Board invoking the provisions of Sections 397, 398 and 402 of the Companies Act, 1956 at all referable to a private tribunal, viz., an arbitral panel for resolution? Does a decision of a foreign court on the question of whether a dispute is covered by an arbitration agreement bind the Company Law Board? These are among the questions of law canvassed in this group of appeals. List of Authorities & Decisions Referred/Cited 1. Haryana Telecom Ltd v Sterlite Industries (India) Ltd, (1999) 5 SCC 688. 2. Bennett Coleman & Co. v Union of India & Ors., 1977 (47) Comp Cas 92 3. Manavendra Chitnis & Anr. v Leela Chitnis Studios P. Ltd. & Ors., 1985 (58) Comp Cas 113 4. Surendra Kumar Dhawan & Anr. v R. Vir & Ors., [1977] 47 Comp Cas 276 (Delhi) 5. O.P. Gupta v Shiv General Finance (P.) Ltd. & Ors., [1977] 47 Comp Cas 279 (Delhi) 6. Das Lagerway Wind Turbines Ltd. v Cynosure Investments P. Ltd., [2009] 147 Com...