C.A. No. 244 (MB) 2025 In C.P. No. 121 (MB) 2025 Under Section 8 of the Arbitration & Conciliation Act, 1996.

In the matter of Anand L. Rai ...Applicant In the matter of Eros International Media Ltd.

…Petitioner Versus Colour Yellow Productions Private Limited & Ors.

…Respondents Order pronounced on 28/04/2026 Coram:

Prabhat Kumar Sushil Mahadeorao Kochey Member (Technical) Member (Judicial)

Appearances:

For the Applicant : Adv. Prachi Wazalwar, Adv. Nausher Kohli a/w Adv. Shawn Fernandes For the Petitioner : Senior Counsel Gaurav Joshi a/w Adv.

Akash Loya, Adv. Zeeshan Farooqui, Adv. Arpit Choudhary, Adv. Krunal Mehta, Adv. Disha Mehta

ORDER

1. The Petitioner, Eros International Media Limited, filed the main Company Petition bearing CP No. 121 of 2025, contending that pursuant to the term sheet dated 22.01.2014 executed between Eros International Media Limited and Aanand L. Rai (Applicant/Original Respondent No. 2) and Yogita Rai (Original Respondent No. 3), the Petitioner acquired an aggregate 50% shareholding, held by Original Respondent Nos. 2 and 3, in Colour Yellow Productions Pvt. Ltd. (Company/Original Respondent No. 1).

2. Under the Term Sheet, it was agreed between the Parties tha