☐The case involves a dispute between the applicant (TIL and Apex) and the non –applicant (AV Birla Group) regarding the enforcement of a shareholders agreement and subsequent actions taken by ... both parties. The applicants accused the non- applicant of material breaches of the shareholders agreement ,leading them to issue termination notice4s and ultimately seek arbitration .the non applicants , however ,contested the existence of any arbitrable disputes, claiming that the applicants had exited the company and forfeited their rights under the agreement by entering into a Share purchase agreement.