Supreme Court of India · 2016-12-07
ROBUST HOTELS(P) LTD. vs E.I.H LIMITED .
- Citation / case number
- SC 2011/25458
- Court
- Supreme Court of India
- Petitioner
- ROBUST HOTELS(P) LTD.
- Respondent
- E.I.H LIMITED .
- Author
- ASHOK BHUSHAN PINAKI CHANDRA GHOSE
- Bench
- ASHOK BHUSHAN PINAKI CHANDRA GHOSE
Judgment text excerpt
The Supreme Court addressed the enforceability of a financial agreement under the Technical Services Agreement between EIH Limited and Balaji Hotels & Enterprises Ltd. The Court held that the agreement's clauses regarding repayment and guarantees were binding, emphasizing the necessity of adherence to contractual obligations as per the Indian Contract Act, 1872, particularly Sections 10 and 73. The appeals were decided in favor of EIH, affirming the High Court's order for repayment of Rs. 15.12 Crores along with interest.