Supreme Court of India
S.N. Prasad v. Monnet Finance Ltd. 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.
6 Supreme Court benches have cited this judgment.
What the Court ordered
In view of the above, these appeals are allowed and the impugned order of the High Court and awards of the 0 Arbitrator are set aside in part, in so far as the appellant is concerned.
Judgment, page 20
From the headnote
Arbitration and Conciliation Act, 1996: ss. 7(4)(a), (b), 7(5) - Arbitration agreement - Parties to - 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 appellant to the lender indicating his willingness to stand guarantee for Joan - The said letter did not contain a provision for arbitration nor did it refer to any document containing an arbitration clause - Arbitration award directing appellant also, to repay the loan amount and interest thereon - Held: If
Where later benches applied it
- 2011 Deutsche Post Bank Home Finance Ltd. v. Taduri Sridhar and Anr.
- 2023 Gujarat Composite Limited v. A Infrastructure Limited & Ors.
- 2022 Cox and Kings Limited v. Sap India Private Limited & Another
- 2018 Cheran Properties Limited v. Kasturi and Sons Limited and Ors.
- 2023 Cox and Kings Ltd. v. Sap India Pvt. Ltd. & Anr.
- 2014 International Amusement Limited v. India Trade Promotion Organisation &anr.
Of those, 1 relied on · 3 referred to · 2 mentioned
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