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Supreme Court of India

Mahanagar Telephone Nigam Ltd. v. Canara Bank & Ors.

Neutral citation
Reported as [2019] 11 S.C.R. 660
Bench Abhay Manohar Sapre and Indu Malhotra JJ.
Decided 8 August 2019

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.

3 Supreme Court benches have cited this judgment.

What the Court ordered

In view of the aforesaid discussion, the present appeal s are partly allowed.

Judgment, page 31

From the headnote

Arbitration and Conciliation Act, 1996: Arbitration agreement – Existence of valid arbitrat ion agreement – Joinder of subsidiary company in arbitral proceedi ngs – On facts, transactions between the appellant and responden t no. 1 and its subsidiary, respondent no. 2 – Respondent no. 2 subscrib ed to the bonds floated by appellant and subsequently transf erred the Bonds to its holding Company-respondent no. 1 – Case of appell ant that since respondent no. 2 did not pay the entire sale conside ration for the Bonds, appellant constrained to cancel the allotme nt of the Bonds – Appointment of

Authorities it was built on

Where later benches applied it

Of those, 3 referred to

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