Supreme Court of India
Shyam Sunder Agarwal v. P. Narotham Rao 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.
From the headnote
Arbitration and Conciliation Act, 1996 – Memorandum of Understanding (MoU)/Agreement executed between the par ties for sale and purchase of shares of a Company – Issue as to whether Clause 12 of the said Agreement can be stated to be an arbitr ation clause – Held: On reading of various clauses it is clear that two persons though, styled as Mediators/Arbitrators, are escr ow agents who were appointed to keep certain vital documents in escro w, and to ensure a successful completion of the transactio n contained in the MOU – The very fact that they were referred to as “M ediators/ Arbitrators”
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