Supreme Court · 1998 INSC 63 · Decided 4 February 1998
K.K. Modi v. K.N. Modi and ORS.
- Court
- Supreme Court of India
- Citation
- 1998 INSC 63 · [1998] 1 S.C.R. 601
- Case number
- CIVIL APPEAL No. 613/1998
- Decided
- 4 February 1998
- Bench
- SUJATA V. MANOHAR, D.P. WADHWA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- CPC Section 6; Arbitration Act Section 2(p), 33, 32
Headnote
B Arbitration Act, 1940: Section 2(p). Arbitration agreement-Attributes of~Decision or Award­ Memi:Jrandum of Understanding (MOU)-Recorded family settlement of C .disputes as regard division of assets between two groups of the same family­ &perts were appointed for valuation and that disputes, clarifications etc. in respect of implementation of MOU would be referred to the Chairman, Industrial Finance Corporation of India Ltd. (IFCI), whose decision would be final and binding-Accordingly, D the Chairman gave his decision-Held: Attributes of arbitration agreement
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