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2012 (8) TMI 349 - COMPANY LAW BOARD, NEW DELHIArbitration - Singaporean company alleged misrepresentation and fraud on part of Indian companies - A joint venture agreement was entered into between Indian telecom companies and a Singaporean company to carry on telecome business in India after 2G Spectrum licences were granted by Telecom Department - Subsequently a shareholders' agreement was also entered into - In both agreements there was an arbitration clause for referring any disputes between parties to arbitration, seated at Singapore – Held that:- Parties are referred to Arbitration in accordance with the Arbitration Rules of the Singapore International Arbitration Centre as contemplated under Article 13 of the SSA entered into between the parties - Company Law Board was bound to refer parties to foreign arbitration at Singapore
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