Supreme Court · 2023 INSC 334 · Decided 10 April 2023
Ntpc LTD. v. M/S Spml Infra LTD
- Court
- Supreme Court of India
- Citation
- 2023 INSC 334 · [2023] 2 S.C.R. 846
- Case number
- CIVIL APPEAL No. 4778/2022
- Decided
- 10 April 2023
- Bench
- D.Y. CHANDRACHUD, PAMIDIGHANTAM SRI NARASIMHA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 11(6); Arbitration Act Section 11(6)
Headnote
COURT REPORTS [2023] 2 S.C.R.[2023] 2 S.C.R. 846 846 NTPC LTD. v. M/S SPML INFRA LTD. (Civil Appeal No. 4778 of 2022) APRIL 10, 2023 [DR. DHANANJAYA Y CHANDRACHUD, CJI AND PAMIDIGHANTAM SRI NARASIMHA, J.] Arbitration and Conciliation Act 1996 : s. 11(6) - Constitution of arbitral tribunal the final payment - However, NTPC withheld SPML's Bank Guarantees with respect to other projects - In turn, SPML raised a claim against NTPC, and thereafter, filed writ petition seeking release the Bank Guarantees - During pendency, the parties arrived at a Settlement
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