Supreme Court of India
M/s.agri Gold Exims Ltd. v. M/s. Sri Lakshmi Knits & Wovens and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
From the headnote
Arbitration and Conciliation Act, 1996-S.8-Held, is pre-emptory in nature-Where arbitration agreement exists, Court under obligation to refer parties to arbitration in terms of arbitration agreement-Jn such case civil suit would not be maintainable-Arbitration Act, 1940-Section 34. The Appellant and the Respondents had entered into a Memorandum of Understanding (MOU) which contained an arbitration clause. Respondents issued five post-dated cheques in relation to the amount due to Appellant. However two cheques were dishonoured, pursuant to which Respondents made certain payments vide demand
Where later benches applied it
Of those, 1 distinguished
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