Supreme Court · 1987 INSC 239 · Decided 7 September 1987
Orient Transport CO. Gulabra and ANOTHER. v. Jaya Bharat Credit and Investment CO. LTD. and ANR.
- Court
- Supreme Court of India
- Citation
- 1987 INSC 239 · [1988] 1 S.C.R. 47
- Case number
- CIVIL APPEAL No. 2286/1987
- Decided
- 7 September 1987
- Bench
- SABYASACHI MUKHERJI, G.L. OZA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 9; Arbitration Act
Headnote
+ Arbitration Act, 1940-Maintainability of suit for declaration under section 32 thereof-In respect of agreements/contracts relating to transaction of loan. ~- The appellant/plaintiffs filed a suit for a declaration that the eight c agreements/contracts executed between the appellants and the were not 'hire-purchase agreements' but were agreements relating to the transaction of loan. The suit was dismissed. The appellate Court confirmed the decision of the Trial Court. There was a second appeal to the High Court, whereafter the appellants D moved this Court by special leave against the
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