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DELHI HIGH COURT
SURESH KUMAR KAIT
Rahul Sharma – Appellant
Versus
Rattan India Enterprises Ltd. – Respondent
| Table of Content |
|---|
| 1. petition under arbitration and conciliation act (Para 1) |
| 2. detail of agreements and appointments (Para 2 , 3) |
| 3. breach of contractual and fiduciary duties (Para 4 , 5) |
| 4. arbitration notice and party responses (Para 6 , 7) |
| 5. court observations on respondent's presence (Para 8 , 9) |
| 6. appointment of sole arbitrator (Para 10 , 11 , 12) |
| 7. disposal of the petition (Para 13 , 14) |
1. The present petition has been filed under Section 11(5) of the Arbitration and Conciliation Act, 1996 seeking appointment of sole Arbitrator to adjudicate the disputes inter-se the parties.
2. Learned counsel for petitioner submits that petitioner is promoter of respondent No.2 & respondent No.1 is a company incorporated under the Indian Companies Act, 1956. Shareholders' Agreement dated 28.04.2021 was entered into between petitioner and respondents & Share Subscription Agreement dated 28.04.2021 was entered into between petitioner and respondent No.1 to 6.
3. Learned counsel for petitioner submits that upon execution of aforesaid Agreements, in terms of Clause 3.7 of Shareholders' Agreement dated 28.04.2021, the nominee of respondent No.1 was appointed as the Chief Fina
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