Supreme Court of India

Oil & Natural Gas Corporation. Ltd. v. Western Geco International Ltd.

Neutral citation
Reported as [2014] 12 S.C.R. 1
Bench T.S. Thakur, C. Nagappan and Adarsh Kumar Goel JJ.
Decided 4 September 2014

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.

8 Supreme Court benches have cited this judgment.

What the Court ordered

We are of the opinion that except for the period from November 1, 2001 to March 23, 2002 for which deduction has been made from the Claimant's invoices, no exception can be taken for the rest of the deduction made from the claim of the Claimant.

Judgment, page 16

From the headnote

Arbitration and Conciliation Act, 1996 - s. 34 - Application for setting aside of arbitral award-Award of contract in favour of respondent by appellant-Corporation whereby vessa/ handed over to respondent for carrying modernization and upgradation work - Vessa/ could not be returned to the appellant on the stipulated date - Payment made by appellant - Deduction of certain amount towards excess engagement charges, change in tax law, correction for price charges inclusive of income tax - Disputes between parties, referred to arbitral tribunal - Tribunal holding that delay post 21.10.2001 could

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