Inventure Growth & Securities Ltd: Arbitral Tribunal Rejects Jurisdiction Challenge

Inventure Growth & Securities Ltd announced a regulatory development concerning ongoing arbitration proceedings. The company had challenged the Arbitral Tribunal's jurisdiction under Section 16 of the Arbitration and Conciliation Act, 1996, arguing it was a non-signatory to the agreement. The Sole Arbitrator rejected this application, deeming the company a "veritable party" based on performance obligations and surrounding facts. The issue of limitation has been reserved for further consideration alongside main arbitration issues. The next hearing is scheduled for further arguments. The company stated there is no direct, immediate adverse financial or operational impact from this procedural order.