Supreme Court of India

The Branch Manager, M/s. Magma Leasing and Finance Limited and Anr. v. Potluri Madhavilata and Anr.

Neutral citation
Bench Tarun Chatterjee and R.M. Lodha JJ.
Decided 18 September 2009

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.

7 Supreme Court benches have cited this judgment.

From the headnote

Arbitration and Conciliation Act, 1996 - s. 8 - Hire purchase agreement entered into by respondent-hirer with c appellant-finance company in respect of motor vehicle - Agreement containing atbitration clause - Default in payment of installments by respondent - Termination of agreement by appellant - Vehicle seized from respondent - Respondent "t filed suit for recovery of possession of the vehicle - Appellant filed application u/s.8 of the Act read with s.151 CPC for referring the dispute raised in the suit, to an arbitrator - Application dismissed - Propriety of - Held: Not proper - Merely…

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