AdvertisementKKH Finvest Pvt. Ltd. and another Vs Ashiesh Shukla and others (Supreme Court of India) Supreme Court: Non-Signatory Shareholder Can Be Referred to Arbitration if He Is a ‘Veritable Party’ to the Underlying Transaction The Supreme Court allowed the appeal and held that a non-signatory to an arbitration agreement can nevertheless be referred to arbitration if, by virtue of his role, conduct and participation in the underlying transaction, he qualifies as a “veritable party” to the contract. Accordingly, the Court held that Ashiesh Shukla, though not a signatory to the Memorandum...