Supreme Court of India · 2022-02-01
INDIAN OIL CORPORATION LTD.THROUGH ITS SENIOR MANAGER vs M/S. SHREE GANESH PETROLEUM RAJGURUNAGAR THROUGH ITS PROP. MR. LAXMAN DAGDU THITE
- Citation / case number
- SC 2016/36561
- Court
- Supreme Court of India
- Petitioner
- INDIAN OIL CORPORATION LTD.THROUGH ITS SENIOR MANAGER
- Respondent
- M/S. SHREE GANESH PETROLEUM RAJGURUNAGAR THROUGH ITS PROP. MR. LAXMAN DAGDU THITE
- Author
- HON'BLE MS. JUSTICE INDIRA BANERJEE
- Bench
- HON'BLE MR. JUSTICE J.K. MAHESHWARI HON'BLE MS. JUSTICE INDIRA BANERJEE
Judgment text excerpt
The Supreme Court addressed the appeals filed by Indian Oil Corporation Limited against a Bombay High Court judgment concerning an arbitration dispute over a lease agreement. The court examined the validity of the lease and the terms of the arbitration, ultimately upholding the High Court's decision that partly favored the respondent. The outcome reinforced the enforceability of arbitration awards in commercial lease disputes.