Supreme Court of India
M/s. Daiichi Sankyo Company Limited v. Oscar Investments Limited & Ors.
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
In view of the above submissions, this Hon’ble Court, by order dated 18 February 2021, directed various banks and financial institutions to file affidavits responding to certain queries by this Hon’ble Court.
Judgment, page 51
From the headnote
Contempt of Court – Held: Contemnor Nos. 9 and 10 were held guilty of committing contempt of the orders passed by the High Court and Supreme Court – They were given an opportunity to purge themselves of contempt – However, the kind of assets offered by Contemnor Nos.9 and 10 in their affidavit are so inadequate that it is impossible to satisfy the amount awarded in favour of the petitioner in the foreign arbitral award – Thus, said Contemnors have failed to purge themselves of contempt – Considering the enormity of their actions, Contemnor Nos.9 and 10 sentenced to suffer the maximum sentence…
Authorities it was built on
- 1998 Supreme Court Bar Association v. Union of India
- 1994 Satyabrata Biswas and Ors v. Kalyan Kumar Kisku and Ors.
- 2012 Vidur Impex and Traders Pvt. Ltd. and Others v. Tosh Apartments Pvt. Ltd. and Others
- 1990 Dr. (mrs.) Roshan Sam Boyce v. B.R. Cotton Mills Ltd. and Ors.
- 2005 Delhi Development Authority v. Skipper Construction and Anr.
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