Supreme Court · 2021 INSC 590 · Decided 1 October 2021
M/S. Jai Balaji Industries v. D.K. Mohanty & ANR.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 590 · [2021] 11 S.C.R. 350
- Case number
- CIVIL APPEAL No. 5899/2021
- Decided
- 1 October 2021
- Bench
- DINESH MAHESHWARI, VIKRAM NATH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 8, 9, 62; IBC Section 8, 9, 62
Headnote
Insolvency and Bankruptcy Code, 2016 - ss. 8, 9, 62 - Arbitration and Conciliation Act, 1996 - The appellant and respondent no.2 entered into Memorandums of Understanding, whereby the respondent no.2 agreed to supply, 1 lakh and 7 lakh metric tons of iron ore per - Dispute arose between the parties as regards the requisite supply and payment - Arbitration clause was invoked - In arbitral awards the respondent company was held liable to make payment - Respondent company filed petition u/s. 34 of the 1996 Act, which were
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