Supreme Court of India · 2011-11-25
M/S Reva Electric Car Co.P.Ltd vs M/S Green Mobil
- Citation / case number
- AIR 2012 SUPREME COURT 739
- Court
- Supreme Court of India
- Petitioner
- M/S Reva Electric Car Co.P.Ltd
- Respondent
- M/S Green Mobil
Judgment text excerpt
The Supreme Court addressed the validity of a Memorandum of Understanding (MOU) dated 25th September 2007, which was extended by the parties' actions despite its initial term ending in December 2007. The Court held that the petitioner effectively terminated the MOU through an email on 25th September 2009, thus invoking arbitration under Section 9 of the Arbitration and Conciliation Act, 1996. The Court granted an injunction against the respondent from pursuing legal proceedings in Belgium, affirming the enforceability of the arbitration clause within the MOU.