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Bombay High Court Rejects Arbitration in Kotak-Samruddhi Dispute: “Recovery Disputes Alone Are Covered; Penal Interest Challenges Must Go to Court”
Name of the Judgment: Samruddhi Industries Ltd. Through Its Authorised Signatory v. Kotak Mahindra Bank Ltd. Court’s Decision: The Bombay High Court dismissed an application under Section 11 of the…