Supreme Court · 1991 INSC 87 · Decided 3 April 1991
Burn Standard Company Limited v. Mcdermott International INC. and Another
- Court
- Supreme Court of India
- Citation
- 1991 INSC 87 · [1991] 2 S.C.R. 67
- Case number
- CIVIL APPEAL No. 1423/1991
- Decided
- 3 April 1991
- Bench
- A.M. AHMADI, V. RAMASWAMI, M. FATHIMA BEEVI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 14, 17, 30, 33; Income Tax Act Section 195(2)
Headnote
Foreign Exchange Regulation Act, 1973/ Foreign Exchange Manual, 1978-Section 28 ( 1) IP aragraphs 24A. 11 ( 1) and 25A. 2-1 ndian Company-Technical Collaboration agreement with foreign corpora­ tion-General or special permission of RBI-Collaboration approved by Secretariat for Industrial permission of RBI necessary-Deci­ sion taken by RBI, but approval not communicated-Whether failure to discharge ministerial duty ob/iterates conscious decision taken-Non­ filing of FNC5 form for grant of permission-Whether erases decision already taken. Arbitration Act, 1940: Sections
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