Arbitration Deposit Valid Against OPC but No Personal Liability for Sole Shareholder Without Contractual Basis: HC

Page ContentsSaravana Prasad Vs Endemol India Private Limited & Anr (Bombay High Court)Background of the DisputeHigh Court’s Analysis and FindingsJudicial Precedents and the Principle of Limited LiabilityDirection for Deposit and Disclosure by Innovative UpheldConclusion and Impact Saravana Prasad Vs Endemol India Private Limited & Anr (Bombay High Court) Bombay High Court has partially set aside an order issued by an Arbitral Tribunal, ruling that a One Person Company (OPC) director cannot be held personally liable for the company’s obligations under an interim arbitration...