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

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 order. The High Court’s decision, delivered in the case of Saravana Prasad vs. Endemol India Private Limited & Anr., provides clarity on the scope of powers exercised by arbitral tribunals under Section 17 of the Arbitration and Conciliation Act,

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