Supreme Court · 2010 INSC 718 · Decided 22 October 2010
S.N. Prasad v. Monnet Finance LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 718 · [2010] 13 S.C.R. 207
- Case number
- CIVIL APPEAL No. 9224/2010
- Decided
- 22 October 2010
- Bench
- R.V. RAVEENDRAN, H.L. GOKHALE (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 11, 34(2)(a)(ii), 2(b)
Headnote
Arbitration and Conciliation Act, 1996: A B ss. 7(4)(a), (b), 7(5) - Arbitration agreement - Parties to C - Appellant was not a party to the tri-partite agreements containing arbitration clause executed between lender, borrower and guarantor - Prior to loan agreements, a letter was given by his willingness to stand guarantee for Joan - The said letter did not contain a provision for arbitration nor did it refer to any document D containing an arbitration clause - Arbitration award directing appellant also, to repay the loan amount and interest thereon - Held: If there is a
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