Supreme Court of India

Avitel Post Studioz Limited & Ors. v. Hsbc Pi Holdings (mauritius) Limited

Neutral citation
Bench R. F. Nariman and Navin Sinha JJ.
Decided 19 August 2020

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.

2 Supreme Court benches have cited this judgment.

From the headnote

Arbitration and Conciliation Act, 1996 – s. 9 – Contract Act, 1872 – ss. 17 and 18 – Share Subscription Agreement (SSA) and Shareholders’ Agreement (SHA) was entered into between the claimant and the appellants – Both SSA and SHA contained an identical arbitration clause – It was alleged that the appellants made a representation that they were at a very advanced stage of finalising a contract with the British Broadcasting Corporation (BBC) to convert the BBC’s film library from 2D to 3D – This contract was expected to generate a revenue of USD 300 million in first phase, and ultimately over…

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