Non-Signatories Bound By Arbitration Clause When Purchasing Property From Agreement Parties: Karnataka High Court

In a significant ruling, the High Court has addressed the complexities surrounding the Arbitration and Conciliation Act, 1996 (the "Act of 1996") and the application of the doctrine of lis pendens. The case involves an appeal challenging the enforceability of an interim order related to properties bought during pending arbitration proceedings. Background: The dispute arose when XYZ Corporation, the appellant, purchased certain immovable properties from vendors who were already involved…