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Helios, vMoksha agree to cooperate in arbitration
CHENNAI:
The decks have been cleared for arbitration proceedings in the share transfer dispute between Helios & Matheson and vMoksha. This follows an undertaking given to the Madras High Court by the parties concerned in the dispute to "participate and co-operate'' in the expeditious disposal of arbitration proceedings and to "furnish their local Indian addresses for service of notices in order to avoid delays in arbitration proceedings.'' Following this, a two-member bench of the Madras High Court had ordered that pending arbitration, all the shares in dispute would continue to be with the escrow agents. The court also issued a directive to Pawan Kumar, one of the founders of vMoksha, on soliciting/offering jobs and services. Helios & Matheson also agreed not to show vMoksha group of companies as its firms in its websites.
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