Supreme Court of India
Hindustan Steelworks Construction Ltd. v. G.s.atwal & Co.(engineers) Pvt.ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that the learned Judge acted illegally and without jurisdiction, in affirming the interim order of injunction against the appellant restraining it from enforcing the Bank Guarantees till disposal of the Arbitration proceedings.
Judgment, page 4
From the headnote
JUDGMENT: J U M N T Paripoornan, J. Special leave granted. 2. The appellant herein was the respondent in Matter No.1268 of 1984, an application filed by the respondent in this appeal under Section 41 of the Arbitration Act. The appellant and the responent entered into 11 contracts dated 21.8.1979 whereby the respondent herein was to construct 11 schools in Nalut, Libya at a cost of LD 2,437,525.000. The United Commercial Bank, Calcutta (hereinafter referred to as ‘Bank’) gave two Bank Guarantees to the appellant on behalf of the respondent.…
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