SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2010 Supreme(Bom) 1614

D.Y.CHANDRACHUD
Tata Industries – Appellant
Versus
Grasim Industries – Respondent


Advocates Appeared:
For the Petitioners:Milind Sathe, Senior Advocate with K.K. Lahiri, Gopal Jain, Ms. Ruby Ahuja, S.V. Doijode, Mr. Parag Kabadi & Ms. Priyanka C. Kothari i/b Doijode Associates, Advocates.
For the Respondent:Dr. Virendra Tulzapurkar, Senior Advocate with Virag Tulzapurkar, Senior Advocate, Vikram Trivedi, Gaurav Pachnanda, Sachin Chandarana, Mayur Bhojwani & Ms. Shilpa Joshi i/b M/s. Manilal Kher Ambalal & Co, Advocates.

Judgment :

1. This Petition under Section 34 of the Arbitration and Conciliation Act 1996 raises a challenge to a procedural order of 13 May 2010 of an arbitral tribunal constituted in pursuance of an order passed by a designated Judge of the Supreme Court under Section 11(6).

2. On15 December 2000 a shareholders agreement was entered ’ into between the First Petitioner, the Respondent and the predecessor of the Second Petitioner. On 31 January 2006 a notice of termination was served by the First Petitioner on the ground that there was a breach of the shareholders agreement arising out of the Respondent ’ having applied for a United Access Service Licence for Mumbai Metro Circle in violation of the provisions of Article 3.04(b). This was followed on 27 November 2006 by a second notice by the First Petitioner seeking to terminate the agreement on the ground that there was a breach of the confidentiality clause of the shareholders’ agreement. On 5 May 2006 the First Petitioner issued a formal notice invoking the arbitration agreement between the parties under Section 21 of the Arbitration and Conciliation Act 1996. On 1 June 2006 two share purchase agreements were executed between the





























Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top