1988 (4) TMI 319 - HC - Companies Law

Summary

The High Court of Karnataka rejected the application to stay further proceedings in a company petition for winding up an unregistered company, stating that the Arbitration Act does not apply to such proceedings as they are not civil suits but special proceedings for winding up entities under the Companies Act. The court found that the Arbitration Act's section 34, which pertains to legal proceedings against parties to an agreement, does not apply to winding-up proceedings. (Case citation: 1988 (4) TMI 319 - HIGH COURT OF KARNATAKA)