Supreme Court of India · 2017-12-14
LMJ INTERNATIONAL LTD. vs DANKUNI STEELS LIMITED
- Citation / case number
- SC 2017/15847
- Court
- Supreme Court of India
- Petitioner
- LMJ INTERNATIONAL LTD.
- Respondent
- DANKUNI STEELS LIMITED
- Author
- HON'BLE MR. JUSTICE A.K. SIKRI
- Bench
- HON'BLE MR. JUSTICE ASHOK BHUSHAN HON'BLE MR. JUSTICE A.K. SIKRI
Judgment text excerpt
The Supreme Court upheld the High Court's order directing the sale of 10,000 MT of Metallurgical Coke under the Arbitration and Conciliation Act, 1996, specifically referencing Section 9. The Court emphasized that the sale was necessary to secure the claims of the parties involved while the substantive issues regarding ownership were pending resolution. The Court found that the High Court's decision to appoint a Special Officer for the sale was justified to prevent market fluctuations and demurrage charges.