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december 2016

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.

ROBUST HOTELS(P) LTD. vs E.I.H LIMITED . · Niyam