La Fin

MCX had argued that having offered to make good any losses in the event that IL&FS offloads MCX-SX shares in the open market, should be grounds for MCX to be made a party.

IL&FS rejects La-Fin's arbitration plea, HC hearing on Fri

In the last hearing, La-Fin had proposed arbitration between the two parties to the dispute. The offer was initially welcomed by IL&FS, but on Monday the offer was rejected by IL&FS. Matter will now be heard on Friday.

IL&FS, La-Fin may settle MCX-SX feud by arbitration

The battle between IL&FS and La-Fin, over the buyback agreement involving MCX-SX shares on Monday took a decisive turn with the parties now considering arbitration, reports CNBC-TV18‘s Ashmit Kumar.