Supreme Court · 2017 INSC 1069 · Decided 1 November 2017
Venture Global Engineering LLC v. Tech Mahindra LTD. & Another ETC.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1069 · [2017] 12 S.C.R. 259
- Case number
- CIVIL APPEAL No. 17753/2017
- Decided
- 1 November 2017
- Bench
- JASTI CHELAMESWAR, ABHAY MANOHAR SAPRE (2-judge bench)
- Outcome
- Matter referred to larger bench
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 34; Companies Act Section 209
Headnote
Arbitration and Conciliation Act, 1996 - s. 34 - Arbitral award - Joint Venture between two companies for incorporating Joint Venture Company wherein entire shareholding of JVC to be held between two collaborating companies equally - In event of C default, the defaulting shareholders shares at book value - Appellant company declared bankrupt - Jn vocation of arbitration clause -Award passed in favour of non-defaulting company, directing the defaulting company to transfer their 50% shares of JVC to non-defaulting company at D book value - Rounds
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)