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Removing Managing Director

(Querist) 05 January 2010 This query is : Resolved 
In a Pvt Ltd. company majority share holders removed Managaing Director in EOGM. But MD got an injunction from district court "not to give effect to the resolution" as he is having agreement with Directtors under Arbitration Act for 5 years terms. Can Arbitration Act overcome Section 284 of Companies Act 1956. Please advice me with with supporting clause or cases.
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Raj Kumar Makkad (Expert) 05 January 2010
Arbitration Act has overriding effect over the general act.

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