Supreme Court · 2020 INSC 498 · Decided 19 August 2020
Avitel Post Studioz Limited & ORS. v. Hsbc Pi Holdings (Mauritius) Limited
- Court
- Supreme Court of India
- Citation
- 2020 INSC 498 · [2020] 10 S.C.R. 791
- Case number
- CIVIL APPEAL No. 5145/2016
- Decided
- 19 August 2020
- Bench
- R.F. NARIMAN, NAVIN SINHA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 17, 18; Arbitration Act Section 9
Headnote
Arbitration and Conciliation Act, 1996 - s. 9 - Contract Act, 1872 - ss. 17 and 18 - A Share Subscription Agreement (SSA) and Shareholders' Agreement (SHA) was entered into between the claimant and the appellants - Both SSA and SHA contained an identical appellants made a representation that they were at a very advanced stage of finalising a contract with the British Broadcasting Corporation (BBC) to convert the BBC's film library from 2D to 3D - This contract was expected to generate a revenue of USD 300 million in first phase, and
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