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Oppression plea wasn't maintainable as alternate remedy was available to parties under JV agreement: NCLT

December 29, 2016[2017] 77 291 (NCLT - Hyd.)

CL: Where an alternative remedy was available to parties under joint venture agreement (JVA) by way of Arbitration and Arbitrator had already been appointed by Supreme Court, approaching NCLT under sections 397 & 398 for issues arising out of violation of JVA were not at all tenable

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