Supreme Court · 2023 INSC 507 · Decided 9 May 2023
Indian Oil Corporation LTD. and Ors v. M/S. Sathyanarayana Service Station & Anr
- Court
- Supreme Court of India
- Citation
- 2023 INSC 507 · [2023] 5 S.C.R. 682
- Case number
- CIVIL APPEAL No. 3533/2023
- Decided
- 9 May 2023
- Bench
- K.M. JOSEPH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 34
Headnote
Arbitration and Conciliation Act 1996: s. 34 - Application for setting aside arbitral award - Appellant-IOC entered into petrol pump dealer agreement with the first respondent - After three years, the first respondent sought to withdraw and the said request was notarised, and thereafter accepted by the appellant - Subsequently, first respondent expressed his intention to withdraw the resignation from the dealership, however, the same was not accepted - IOC took possession of the petroleum outlet and new dealer was
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