Supreme Court of India
Severn Trent Water Purification, Inc. v. Chloro Controls (india) Private Ltd. & Anr.
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.
What the Court ordered
For the aforesaid reasons, the appeal filed by Seven Trent Water Purification lnc.-petitioner of the company petition, deserves to be dismissed and is hereby dismissed.
Judgment, page 42
From the headnote
Companies Act, 1996; Ss.425, 430, 431, 432, 433(1) and 439: Winding up petition - foreign company and an Indian c. company setting up a Joint Venture company - Joint Venture Agreement - Indian company filing a suit against the foreign company circumventing dispute resolution provision in the agreement - Dead Jock in management of Joint Venture - Termination of agreement and filing of winding up petition by > ,.. appellant-foreign company - Allowed by Company Judge holding it to be maintainable - Filing of appeals by constituent company-Partly allowedby Division Bench of the High Court as not
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