(1.) The present petition has been filed alleging willful disobedience of the order dtd. 11/6/2020 passed by this Court in OMP (I) (Comm.) No. 127/2020, and orders dtd. 17/6/2020, and 1/7/2020, passed by the learned Arbitral Tribunal.
(2.) The petitioners herein were the directors and shareholders of respondent no. 2/RBT Private Limited ('the company'), which is engaged in the business of manufacturing, and export of garments.
(3.) On 21/12/2019, a Memorandum of Understanding ('MOU') was executed amongst all the shareholders and directors of respondent no. 2-company. In terms of the said MOU, respondent no. 1 herein, who was also a shareholder and director of respondent no. 2-company, was to purchase the entire shareholding of respondent no. 2-compnay from the petitioners, and thereafter, was to be responsible to run the affairs of the company.