Supreme Court · 2022 INSC 994 · Decided 22 September 2022
M/S. Daiichi Sankyo Company Limited v. Oscar Investments Limited & ORS.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 994 · [2022] 11 S.C.R. 1020
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 20417/2017
- Decided
- 22 September 2022
- Bench
- UDAY UMESH LALIT, K.M. JOSEPH, INDIRA BANERJEE (3-judge bench)
- Outcome
- Directions issued
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 48
Headnote
Contempt of Court - Held: Contemnor Nos. 9 and 10 were held guilty of committing contempt of the orders passed by the High Court and Supreme Court - They were given an opportunity - However, the kind of assets offered by Contemnor Nos.9 and 10 in their affidavit are so inadequate that it is impossible to satisfy the amount awarded in favour of the petitioner in the foreign arbitral award - Thus, said Contemnors have failed to purge themselves of contempt
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