NCLT upholds Aanand Rai’s plea in row with Eros International

The National Company Law Tribunal (NCLT) has allowed filmmaker Aanand L. Rai’s application to refer a dispute between him and a listed movie production house Eros International Media Ltd (EIML) to arbitration.

The division bench of judicial member Sushil Mahadeorao Kochey and technical member, Prabhat Kumar, while allowing the filmmaker’s application, observed that the petition filed by Eros is a ‘dressed-up petition’ instituted with the sole intent of ‘circumventing the arbitration’ contractually agreed upon by the parties and is therefore vexatious in nature.