Oppression plea was to be dismissed as MOU was executed between parties to resolve disputes by arbitration

CL: Where appellant director/shareholder of respondent companies sought dismissal of oppression and mismanagement petitions filed by respondent shareholders on ground that MOU was entered into between them which provided for resolution of disputes by arbitration, since said MOU was not in existence and parties in said petitions and party to MOU were different, application by appellant to dismiss said petitions was rightly dismissed by Tribunal

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