Bombay High Court Upholds Arbitrator's Refusal of Interim Relief in Shareholder Dispute — Term Sheet Not a Binding Arbitration Agreement. Court holds that a Term Sheet containing an arbitration clause does not constitute a binding arbitration agreement under Section 7 of the Arbitration and Conciliation Act, 1996, as it was subject to a definitive agreement and the parties did not intend to be bound by the arbitration clause at the pre-contractual stage.
19 Dec 2023The case involves a dispute between Max Healthcare Institute Limited (Petitioner) and Touch Healthcare Private Limited & Ors. (Respondents) arising ou...
