Supreme Court · 2019 INSC 1068 · Decided 23 September 2019
M/S. Canara Nidhi Limited v. M. Shashikala and Others
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1068 · [2019] 15 S.C.R. 637
- Case number
- CIVIL APPEAL No. 7544/2019
- Decided
- 23 September 2019
- Bench
- R. BANUMATHI, A.S. BOPANNA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 151; Constitution Article 226, 227; Arbitration Act Section 34, 34(5)
Headnote
Arbitration and Conciliation Act, 1996- s.34 - Scope of - Appellant advanced a loan of Rs.50,00,000/- to respondent no.1 - Respondent nos.2, 4 and 5-8 were the guarantors - Loan secured by mortgage with deposit of title deeds and respondent no.1 is also said to have of the loan - Arbitration clause in the agreement to resolve dispute between the parties - Allegedly, respondent no.1 did not repay the loan - Dispute referred to arbitration to the third respondent- Arbitrator - Arbitrator inter alia directed the respondents to pay
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