Content Provider | Supreme Court of India |
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e-ISSN | 30484839 |
Language | English |
Access Restriction | NDLI |
Subject Keyword | Company law: Collaborative agreement - Two groups joined together for collaborative business venture |
Content Type | Text |
Resource Type | Law Judgement |
Jurisdiction | India |
Case Type | Special Leave Petition |
Court | Supreme Court of India |
Disposal Nature | Petition Disposed Off |
Headnote | Company law: Collaborative agreement - Two groups joined together for collaborative business venture - Dispute between them with regard to appointment of Director and shareholding - Company petition before the Company Law Board (CLB) - Interim order made by CLB - Stay of interim order by High Court - Challenged - Contempt petitions and petitions u/s. 340 Cr.P.C. also filed - Held: Numerous cases pending between the two groups including contempt petitions (civil or criminal) and petitions u/s. 340 Cr.P.C. -ยท There is complete deadlock so far as affairs of the company are concerned and unless the parties reconcile there is no chance of joint venture - Suggestion made by one Group for early decision of Company Petition before the CLB as a better alternative so that at least main dispute between the parties is adjudicated at the earliest - The other group agreeing to this course of action - In view of agreement between both the parties on the procedural course of action to give quietus to the matters, SLP, Contempt petitions and petitions u/s.340, Cr.P.C. disposed of - CLB directed to decide Company Petition within 6 months - Parties to maintain status quo during pendency of Company Petition - Alternative Dispute Resolution. Alternative Dispute Resolution: Mediation - Purpose and benefits of - Discussed - Code of Civil Procedure, 1908 - s.89. |
Judge | Hon'ble Mr. Justice Arjan Kumar Sikri |
Neutral Citation | 2014 INSC 381 |
Petitioner | Mr. Vikram Bakshi & Ors. |
Respondent | Ms. Sonia Khosla (dead) By Lrs. |
SCR | [2014] 6 S.C.R. 762 |
Judgement Date | 2014-05-08 |
Case Number | 6873 |
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