Tuesday, April 30, 2019

WHETHER ARBITRATION AWARD DIRECTING TRANSMISSION OF SHARES CAN BE ENFORCED THROUGH NCLT?

Cheran Properties Ltd. vs Kasturi and Sons Ltd. & Ors. 
Civil Appeal 10025/2017 decided on 24.04.2018 


The court held that since the award postulates a transmission of share to the Claimant, the directions contained in the award can be enforced only by moving the tribunal for rectification in the manner contemplated by law.


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