Supreme Court · 2013 INSC 158 · Decided 13 March 2013

Escorts LTD. v. Universal Tractor Holding LLC

Court
Supreme Court of India
Citation
2013 INSC 158 · [2013] 2 S.C.R. 389
Case number
SPECIAL LEAVE PETITION (CIVIL) No. 35092/2012
Decided
13 March 2013
Bench
H.L. GOKHALE, DIPAK MISRA (2-judge bench)
Case type
Civil
Acts & sections cited
Arbitration Act Section 48

Headnote

A B Arbitration and Conciliation Act, 1996 - ss.48(1 )(e) and 202 - New York ~tion, as adopted under the Act - Respondent-company and Escorts AMI were respectively C . holding 49% and 51% shares in another company, "BCH"­ Agreement whereby respondent sold its shareholding in BCH to installments - Escorts AMI defaulted in payment of installments - Suit filed by respondent against Escorts AMI in a North Carolina Court in D the United States - Consent order passed therein wherein both the parties agreed to refer the matter to arbitration - Arbitration followed by award in

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