High Court of Bombay Considers Application for Appointment of Arbitral Tribunal under Section 11 of Arbitration Act in Escrow Dispute; Abandonment of Arbitration Alleged. Dosti Group Contends That Petitioners' Participation in Parallel Suit Without Filing Section 8 Application Constitutes Ex Facie Abandonment Precluding Arbitration....
The matter arose from a Share Purchase Agreement (SPA) dated August 16, 2010, where the Dosti Group agreed to acquire a Target Company from the Kotharis for Rs. 59 crores. An Escrow Agreement dated Au...




