CHERAN PROPERTIEES LIMITED vs KASTURI AND SONS LIMITED

The Supreme Court addressed appeals under Section 423 of the Companies Act, 2013, concerning a dispute over a share purchase agreement involving Sporting Pastime India Limited and Kasturi & Sons Limited. The Court held that the arbitration clause in the agreement was valid and enforceable, emphasizing the parties' intent to resolve disputes through arbitration as per Indian Arbitration Law. The judgment upheld the NCLAT's dismissal of the appeal, affirming the lower tribunal's order regarding the share transfer and management rights.