Supreme Court of India
M/s. Canara Nidhi Limited v. M. Shashikala and Others
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1 Supreme Court bench has cited this judgment.
From the headnote
Arbitration and Conciliation Act, 1996– s.34 – Scop e of – Appellant advanced a loan of Rs.50,00,000/- to resp ondent no.1 – Respondent nos.2, 4 and 5-8 were the guarantors – Loan secured by mortgage with deposit of title deeds and respondent no .1 is also said to have executed a demand promissory note for repay ment of the loan – Arbitration clause in the agreement to re solve dispute between the parties – Allegedly, respondent no.1 did not repay the loan – Dispute referred to arbitration to the third respondent- Arbitrator – Arbitrator inter alia directed the respondents to pay
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