LAWS(CL)-2002-8-12

GTP GRANITES LTD Vs. AURORA TRADING LTD

Decided On August 09, 2002
GTP Granites Ltd. Appellant
V/S
Aurora Trading Ltd. Respondents

JUDGEMENT

(1.) IN the Company Petition filed under Section 397/ 398 of the Companies Act, 1956 ('the Act'), alleging acts of oppression and mismanagement in the affairs of GTP Granites Limited ('the Company'), the respondents have filed an application under Section 8 of the Arbitration and Conciliation Act, 1996 ('the Act, 1996') to order and direct that the disputes raised by the petitioners in the Company Petition be referred to arbitration in accordance with Clause 9 of the Shareholders' Agreement dated 28 -1 -1993.

(2.) The acts complained of in the petition related to the following : - -

(3.) BY Section 402.