M/S Aum Saw Pipe and Industries Pvt. Ltd. v. M/S Anarcon Resources Limited and 6 Ors.
Case brief
What is this about?
In an arbitration petition, the High Court confirmed a previous order directing the respondent not to part with shares in Escrow. The respondent was absent and had not filed a reply, leading to the disposal of the petition without prejudice to party rights.
What did the court decide?
Order passed earlier directing respondent not to part with shares in Escrow confirmed; Arbitration Petition disposed of.