Arbitration Law: Non-Compete Clause Ends with Contract Term – Delhi HC

Neosky India Limited & Anr Vs Nagendran Kandasamy & Ors (Delhi High Court) Background: A petition was filed under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim relief against former executives of the petitioner-company. The dispute revolved around a Non-Compete Agreement (NCA) dated 25 May 2022, which imposed restrictions on promoters and employees from engaging in competing business activities for a period of three years. The petitioners alleged that respondent Nos. 1–3, who were serving as CEO, COO, and CTO of petitioner No. 2 company, resigned on 3 July...