Supreme Court of India · 2010-05-07
Anil Kumar vs B.S. Neelkanta & Ors
- Citation / case number
- AIR 2010 SUPREME COURT 2715
- Court
- Supreme Court of India
- Petitioner
- Anil Kumar
- Respondent
- B.S. Neelkanta & Ors
- Author
- D.K. Jain
- Bench
- D.K. Jain
Judgment text excerpt
The Supreme Court addressed a petition under Sections 11(5) and 11(6) of the Arbitration and Conciliation Act, 1996, concerning the appointment of an arbitrator due to disputes arising from a lease agreement between the Andhra Pradesh Tourism Development Corporation and Goldstone Engineering Ltd. The Court emphasized the necessity of adhering to the lease's non-assignability clause, which required prior consent from the Corporation for any change in shareholding. The Court held that the agreements made without such consent were in breach of the lease terms, thereby justifying the Corporation's actions.