Bombay High Court Appoints Sole Arbitrator in Inventure Growth & Securities Dispute
The Bombay High Court has appointed a Sole Arbitrator in a Commercial Arbitration Application concerning an Agreement for Sale of Shares dated 13 August 2014, affecting Inventure Growth & Securities Limited.In the ongoing legal proceedings, Inventure Growth & Securities Limited contested its inclusion in the arbitration matter, stating that the company is not a signatory to the arbitration agreement in question.
The High Court noted that the determination of whether the company is bound by the arbitration agreement is solely for the Arbitral Tribunal to decide. Consequently, the Court observed that Inventure Growth & Securities Limited is entitled to oppose the proceedings on this specific ground.
The company confirmed that no findings were passed against its interests, and all rights and contentions of the involved parties remain open.
INVENTURE Stock Price Movement
Inventure Growth & Securities Limited shares today slipped by 0.98% to settle at ₹1.00. The stock saw trading volume of 1.05 million shares, closing after testing a high of ₹1.02.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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