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HomeCompany & PMLACompany Liquidation Does Not Shield Promoters From Buyback Obligations: Kerala HC

Company Liquidation Does Not Shield Promoters From Buyback Obligations: Kerala HC

Company & PMLA

Published on

By Mariya Paliwala
Kerala High Court

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The Kerala High Court has dismissed a petition seeking a stay on the execution of an arbitral award passed in a dispute involving equity share buyback obligations, holding that the liquidation of a company does not automatically invalidate arbitration proceedings against its promoters or prevent enforcement of their independent contractual liabilities.  The bench of Justice…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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