Supreme Court · 2019 INSC 881 · Decided 8 August 2019
Mahanagar Telephone Nigam LTD. v. Canara Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 881 · [2019] 11 S.C.R. 660
- Case number
- CIVIL APPEAL No. 6202/2019
- Decided
- 8 August 2019
- Bench
- ABHAY MANOHAR SAPRE, INDU MALHOTRA (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act
Headnote
Arbitration and Conciliation Act, 1996: Arbitration agreement - Existence of valid arbitration agreement - Joinder of subsidiary company in arbitral proceedings - On facts, transactions between the appellant and respondent no. 1 and its subsidiary, respondent Respondent no. 2 subscribed to the bonds floated by appellant and subsequently transferred the Bonds to its holding Company-respondent no. 1 - Case of appellant that since respondent no. 2 did not pay the entire sale consideration for the Bonds, appellant constrained to cancel the allotment
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