Supreme Court of India
Zenith Drugs & Allied Agencies Pvt. Ltd. Represented by its Managing Director, Shri Uday Krishna Paul v. M/s. Nicholas Piramal India Ltd.
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What the Court ordered
In the result, the impugned order of the High Court in Civil Revision (P) No.31 of 2005 is set aside and this appeal is allowed and the Money Suit No.73 of 2003 shall stand restored to the file of Civil Judge, Senior Division, Kamrup, Guwahati and the trial court shall proceed with the matter in accordance with law . Ankit Gyan Appeal allowed.
Judgment, page 15
From the headnote
Arbitration and Conciliation Act, 1996 – s.8 – Power to r efer parties to arbitration wher e there is an arbitration agr eement – RPIL appointed the appellant company as its clearing and for warding agent for period of 3 years by agr eement dated 01.05.1997 – The said agr eement contained arbitration clause – RPIL informed appellant that it was getting mer ged with respondent Company-NPIL and ther efor e, the subsisting agr eement between them stood terminated – Appellant filed suit contending that agr eement with RPIL was valid, subsisting, legal and continuing – In the said suit, parties
Authorities it was built on
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- 2008 Yogi Agarwal v. M/s, Inspirnfion Clothes & U and Ors.
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