Mediation in Joint Venture Company’s Oppression & Mismanagement Dispute: NCLT referred to mediation

1. The NCLAT Delhi In Anil Agrawal v. Omega as per the attached Order Delivered on: 11.04.2023 The company was formed as a joint venture (JV) between Omega Engineering Holding BV (Omega Group) and an Indian partnership firm called Friends Refrigeration and Associates (FRA). Clause 8 of the JVA, it was the Petitioner who was to remain as Managing Director of the JVC. Removed from the position of MD by a resolution. Held that removal of the Petitioner as Managing Director of the Respondent No. 1 Company cannot be interfered with in the present proceedings. In view of the rival complaints again...