The present petition was filed alleging willful disobedience of the order dated 11th June, 2020, passed by the Delhi High Court, and orders dated 17th June, 2020, and 1st July, 2020, passed by the learned Arbitral Tribunal.
A Memorandum of Understanding (MOU) was executed on 21st December, 2019, among the shareholders and directors of RBT Private Limited.
Disputes arose between the petitioners and respondent no. 1 regarding the fulfillment of obligations under the MOU.
The petitioners filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking to restrain the respondent no. 1 from disposing of assets of RBT Private Limited.
The Arbitral Tribunal directed the respondent no. 1 to pay the EMIs into the loan account of the company.
The petitioners alleged that the respondents failed to pay the EMIs, and the petitioners were forced to pay them to the South Indian Bank.
The petitioners alleged that the respondent no. 1 sold hypothecated machinery.
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A Memorandum of Understanding (MOU) was…
The present petition has been filed alleging…
The present petition was filed alleging willful disobedience of the order dated 11th June, 2020, passed by the Delhi High Court, and orders dated 17th June, 2020, and 1st July, 2020, passed by the learned Arbitral Tribunal.
A Memorandum of Understanding (MOU) was executed on 21st December, 2019, among the shareholders and directors of RBT Private Limited.
Disputes arose between the petitioners and respondent no. 1 regarding the fulfillment of obligations under the MOU.
The petitioners filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking to restrain the respondent no. 1 from disposing of assets of RBT Private Limited.
The Arbitral Tribunal directed the respondent no. 1 to pay the EMIs into the loan account of the company.
The petitioners alleged that the respondents failed to pay the EMIs, and the petitioners were forced to pay them to the South Indian Bank.
The petitioners alleged that the respondent no. 1 sold hypothecated machinery.
…A Memorandum of Understanding (MOU) was…
The present petition has been filed alleging…