NCLT Rejects USAR Commerce Arbitration Application

NCLT Chandigarh dismisses USAR Commerce's application to refer co-founder dispute to arbitration under Section 8 of Arbitration Act.
Tribunal finds disputes involve statutory violations of Companies Act including illegal director removal, share dilution, and IP diversion.
Case involves termination of co-founder Utsav Soi and subsequent oppression acts reducing his stake from 35% to 24%.
Court holds oppression and mismanagement matters under Sections 241-242 are non-arbitrable and within NCLT's exclusive jurisdiction.