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december 2017

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.

LMJ INTERNATIONAL LTD. vs DANKUNI STEELS LIMITED · Niyam