INDIAN OIL CORPORATION LTD. vs NILOUFER SIDDIQUI .

The Supreme Court held that the High Court erred in setting aside the judgments of the lower courts regarding the distributorship of Indane Gas, emphasizing that the principles of res judicata were misapplied. The Court clarified that the appellant, Indian Oil Corporation Ltd., had the right to terminate the distributorship under the conditions specified in the allotment letter, particularly Condition no.8, which allowed termination without assigning any reason. The judgment reinstated the lower court's decision, affirming the validity of the distributorship agreement and the conditions therein.