PREMISES LEASE & ARBITRATION
PREMISES LEASE & ARBITRATION
Sir, Let me share a few details. We had let out a premises for commercial showroom. The Agreement lease period is over. We had sent a notice to tenant to vacate and handover the premises one week prio
3 years ago
A. You seem to have several misconceptions. Your issues arise out of agreement only which contains arbitration clause so you have to exhaust arbitration clause. As such there is no arbitration court. On expiration of lease, the arbitration clause and other clauses like damages etc still subsist. No civil court will interfere in the matter when arbitration clause exist. Fee is decided by the arbitrator only. Fee is shared by both the parties but fee is non refundable. However, if you win arbitrator ...ReadMore
Sidhaarth S
corporate laws-company law-minority-majority shares-division--not submit acctts
#whether arbitration can be taken up for all above categories of questions as the majority shareholder acting roughly against minority shareholder
4 years ago
A. Hi
You should be aware that minority share holders generally complain of mismanagement, oppression and unfair prejudice against the majority share holders and these complaints are generally triable at National COmpany Law Tribunal under sections 241-245 of companies act.
Supreme court had in Ayyasamy vs Paramasivam had observed that disputes which are within the exclusive jurisdiction of specialized tribunals to the exclusion of ordinary civil courts in pursuance of a specific social
objectiv ...ReadMore
