SUMITOMO CORPORATION vs CDC FINANCIAL SERVICES(MAURITIOUS)LTD.

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, affirming the High Court's dismissal of the appeal for lack of territorial jurisdiction. The Court clarified that in cases of overlapping jurisdiction, the Companies Act provisions govern disputes related to company management and oppression. Consequently, the appeal was dismissed, upholding the lower court's decision.