Supreme Court of India · 2017-07-11
PUNJAB STATE CIVIL SUPPLIES CORPORATION LTD. AND ANR. vs M/S. ATWAL RICE AND GENERAL MILLS
- Citation / case number
- SC 2015/51
- Court
- Supreme Court of India
- Petitioner
- PUNJAB STATE CIVIL SUPPLIES CORPORATION LTD. AND ANR.
- Respondent
- M/S. ATWAL RICE AND GENERAL MILLS
- Author
- HON'BLE MR. JUSTICE ABHAY MANOHAR SAPRE
- Bench
- HON'BLE MRS. JUSTICE R. BANUMATHI HON'BLE MR. JUSTICE ABHAY MANOHAR SAPRE
Judgment text excerpt
The Supreme Court upheld the dismissal of the execution petition related to an arbitration award under the Arbitration and Conciliation Act, 1996, affirming that the appellant, a State-owned Corporation, was entitled to recover losses due to the respondents' breach of contract for processing paddy. The Court emphasized the importance of timely performance as stipulated in the agreement and confirmed the validity of the arbitration clause. The appeal was dismissed, affirming the lower courts' decisions.