IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration
3 years, 2 months ago

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration

Business Standard  

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares Premium Last year, the resolution, proposed by Rakesh Gangwal to amend the company’s Art­icles of Association, was defeated by the shareholders. Arindam Majumder New Delhi IndiGo co-founder Rakesh Ga­n­gwal has moved Delhi High Court to enforce an arbitration order of the London Court of International Arbitration. Sources said the order had mandated relief in terms of the shareholders’ agreement, whi­ch gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares. Based on the proceedings initiated by Bhatia-owned lnterGlobe Enterprises, the London Court of In­ternational Arbitration had on September 23 given the final award in the fight between the two IndiGo promoters.

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History of this topic

Non-Signatories Can Be Included In Arbitration Beyond Group Company Ties: Delhi High Court
5 months ago

Non-Signatories Can Be Included In Arbitration Beyond Group Company Ties: Delhi High Court

Live Law  

The Delhi High Court bench of Justice C. Hari Shankar has held the inclusion of a non-signatory in arbitral proceedings is not solely dependent on the non-signatory being part of the same group of companies as the signatory. Consequently, the Petitioner approached the High Court under Section 11 of the Arbitration Act and sought the court's intervention to appoint an …

Top 10 Arbitration Judgments [January To September 2023]
1 year, 2 months ago

Top 10 Arbitration Judgments [January To September 2023]

Live Law  

In recent times, several noteworthy judgments have been rendered by the Indian Courts in matters relating to the law of arbitration in India. Prior to the 2019 amendment, Section 34 of the Arbitration Act read that "an arbitral award could be set aside by the Court only if the the party making the application furnishes proof…". In conclusion, the Supreme …

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