Share Transfer or Mere Arbitration Not Proof of Oppression: NCLT Ahmedabad

Hitesh Shah & Anr Vs Aquafil Polymers Company Pvt Ltd & Ors (NCLT Ahmedabad)

Companies Act, 2013 Vis-a-Vis Arbitration Clause in a Contract.

The existence of an arbitration clause does not take away jurisdiction of NCLT to consider and decide allegations of oppression and mismanagement.

NCLT, Ahmedbad Bench observed in its recent judgement dated 18.07.2025 in the matter of Aquafil Polymers Co. Pvt ltd.

Snippets:

1.NCLT clarifies that although the Share Purchase Agreement (SPA) is

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