Restraining Breaching Party From Activities Barred By Shareholders’ Agreement Is Not Prohibited U/S 27 Of Contract Act: Delhi High Court
The Delhi High Court bench of Justice Jasmeet Singh has held that restraining a breaching party through an interim award passed under Section 17 of the Arbitration and Conciliation Act from engaging in certain activities, as per the terms of Shareholders’ Agreement (SHA), to prevent the subject matter of arbitration from being rendered futile, is…