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Supreme Court of India

Indian Oil Corporation Limited v. Ncc Limited

Neutral citation
Bench M. R. Shah and B. V. Nagarathna JJ.
Decided 20 July 2022

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.

What the Court ordered

In view of the above and for the reasons stated above, following order is passed. (1) Civil Appeal No.341/2022 arising out of the impugned judgment and order passed by the High Court in Arbitration Petition No.115/2018 is hereby dismissed.

Judgment, page 50

From the headnote

Arbitration and Conciliation Act, 1996 – ss.11(6), 11(6- ), 16 – High Court in exercise of powers u/s.11(6) appointed the Arbitrators to adjudicate and resolve the disputes between the parties arising out of the respective contracts – Correctness of – Held: The issue w.r.t ‘accord and satisfaction’ of claims is seriously disputed and is debatable – Whether, in view of the acceptance of Rs.4,53,04,021/- by the respondent which was released by petitioner on the offer/letter made by the respondent there is an instance of ‘accord and satisfaction’ of the claims is a good and reasonably arguable…

Authorities it was built on

Where later benches applied it

Of those, 2 referred to

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