Indian Oil Corporation Ltd vs Niloufer Siddiqui & Ors

The Supreme Court held that the High Court erred in setting aside the lower courts' judgments by misinterpreting the facts and ignoring relevant legal provisions, specifically regarding the principles of res judicata. The Court emphasized that the distributorship agreement between Indian Oil Corporation Limited and the respondents was subject to standard terms, including termination rights under Condition no.8, which allowed the corporation to terminate the distributorship with notice. The appeal was allowed, reinstating the lower courts' decisions and affirming the validity of the distributorship agreement.