Sumitomo Corporation vs Cdc Financial Services (Mauritius) ...

The Supreme Court held that Section 10(1)(a) of the Companies Act, 1956 takes precedence over Section 50 of the Arbitration and Conciliation Act, 1996, thereby affirming the High Court's dismissal of the appeal for lack of territorial jurisdiction. The Court established that the jurisdictional provisions of the Companies Act govern disputes arising from company management and control, which includes arbitration agreements. Consequently, the appeal was dismissed, upholding the High Court's ruling.