Bombay High Court Dismisses Section 9 Petition Seeking Security for Enhanced Call Price in Share Purchase Dispute — Holds That Emergency Arbitrator's Decision Is Binding and Cannot Be Bypassed by Seeking Parallel Interim Relief from Court. The court found that the petitioners were attempting to circumvent the emergency arbitrator's decision by seeking a different form of security or additional relief, which would undermine the arbitral process.
8 Oct 2024The petitioners, Ashok Kumar Goel and Vyoman India Private Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, se...
