Application under Section 11(6) cannot be dismissed on the pendency of proceedings before the NCLT: Supreme Court

VGP Marine Kingdom Pvt Ltd & Anr. Vs Kay Ellen Arnold (Supreme Court of India)

Conclusion: Hon’ble Supreme Court held that the application under Section 11(6) of the Arbitration and Conciliation Act, 1996 cannot be dismissed on the pendency of proceedings before the National Company Law Tribunal (NCLT) initiated by the respondent for various acts of oppression and mismanagement as a minority shareholder.

Facts: In present case, the appe

Please become a Premium member. If you are already a Premium member, login here to access the full content.