Supreme Court · 2011 INSC 800 · Decided 15 November 2011
Leela Hotels LTD. v. Housing & Urban Development Corporation LTD.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 800 · [2011] 13 S.C.R. 156
- Case number
- CIVIL APPEAL No. 9763/2011
- Decided
- 15 November 2011
- Bench
- ALTAMAS KABIR, CYRIAC JOSEPH, S.S. NIJJAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Contract Act Section 59, 60; Arbitration Act
Headnote
C ARBITRATION: Award - Principal and interest payable under award - Appropriation of by creditor - Debtor depositing Rs. 89. 78 crores with the assertion that it represented the net principal amount due and payable to the credit9r - According to the D creditor, the said sum deposited was appropriated towards the interest due under the award - Held: Admittedly, there was no agreement between the parties as to how the amounts to be paid in terms of the award were to be appropriated by the creditor - Accordingly, in terms of the E we// settled
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)