Supreme Court of India
Indian Oil Corporation Ltd. and Ors v. M/s. Sathyanarayana Service Station & Anr
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
We are of the view that the High Court in a proceeding under Section 37 of the Act acted illegally in interfering with the finding of the Arbitrator and what is more, a finding found acceptable to the District Judge under Section 34 of the Act that there was acceptance vide letter dated 18.11.2006.
Judgment, page 18
From the headnote
Arbitration and Conciliation Act 1996: s. 34 – Application for setting aside arbitral award – Appellant-IOC entered into petrol pump dealer agreement with the first respondent – After three years, the first respondent sought to withdraw from the dealership and the said request was notarised, and thereafter accepted by the appellant – Subsequently, first respondent expressed his intention to withdraw the resignation from the dealership, however, the same was not accepted – IOC took possession of the petroleum outlet and new dealer was awarded the dealership – First respondent challenged the…
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