company application could not be allowed since it was contrary to
commercial morality and public interest.
7 Learned Senior Counsel for the Appellants submits that ... commercial wisdom of the members (3/4 th
of them in value) and would still consider the aspects of commercial morality and
public interest
behavior;
(c) protect the integrity of the resolution process;
(d) enhance commercial morality; and
(e) foster respect for the rule
satisfy the Court that the Scheme of Amalgamation does not affect commercial morality, is reasonable and feasible, that it will lead to a smooth ... considerations of more lasting importance, like public or commercial morality, the Court may refuse to accept the verdict of the majority. It may also refuse
this case stretches credulity and would defeat all precepts of commercial morality in business transactions. The defence, it must be noted in the present case
M/S Arif Azim Co. Ltd. vs M/S Aptech Ltd. on 1 March, 2024
magnitude is prevalent in our commercial world. Huge filing of these complaints also reflects sudden decline in our moral standard and our value system. Immediate
conflict with the most basic notions of morality or justice.
Explanation 2--- For the avoidance of doubt, the test as to whether there ... dispute.
(2A) An arbitral award arising out of arbitrations other than international commercial arbitrations,
may also be set aside by the Court, if the Court
Navtej Singh Johar vs Union Of India Ministry Of Law And ... on 6 September, 2018
conflict with the most basic notions of morality or
6
justice.
Explanation 2. – For the avoidance of doubt, the test as to whether
there ... dispute.
(2A) An arbitral award arising out of arbitrations other than
international commercial arbitrations, may also be set aside by the
Court, if the Court
conflict with the most basic notions of
morality or justice.
Explanation 2. --For the avoidance of doubt, the
test as to whether there ... arbitral award arising out of arbitrations
other than international commercial
arbitrations, may also be set aside by the
Court, if the Court finds that
