Supreme Court of India

Cheran Properties Limited v. Kasturi and Sons Limited and Ors.

Neutral citation
Bench Dipak Misra, A. M. Khanwilkar and Dr. D. Y. Chandrachud JJ.
Decided 24 April 2018

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.

6 Supreme Court benches have cited this judgment.

What the Court ordered

For the above reasons, we are of the view that the appeals are lacking in merit.

Judgment, page 35

From the headnote

Arbitration and Conciliation Act, 1996: ss. 35, 36, 7 – Finality of awards – Enforcement – Arbitration agreement – Binding on third parties who may not be signatories to an agreement between two contracting parties – Held: Section 35 postulates that an arbitral award “shall be final and binding on the parties and persons claiming under them respectively – Expression “persons claiming under them” is a legislative recognition of the doctrine that besides the parties, an arbitral award binds every person whose capacity or position is derived from and is the same as a party to the proceedings…

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