Supreme Court of India

Avitel Post Studioz Limited & Ors. v. Hsbc Pi Holdings (mauritius) Limited

Neutral citation
Reported as [2020] 10 S.C.R. 791
Bench R. F. Nariman and Navin Sinha JJ.
Decided 19 August 2020

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.

2 Supreme Court benches have cited this judgment.

What the Court ordered

Held as under: (SCC pp. 389-90, para 32) “32 . Coming to the last contention that an effort should be made to avoid conflict of findings between the civil and criminal courts, it is necessary to point out that the standard of proof required in the two proceedings is entirely different.

Judgment, page 43

From the headnote

Arbitration and Conciliation Act, 1996 – s. 9 – Contract Act, 1872 – ss. 17 and 18 – Share Subscription Agreement (SSA) and Shareholders’ Agreement (SHA) was entered into betw een the claimant and the appellants – Both SSA and SHA cont ained an identical arbitration clause – It was alleged that the appe llants made a representation that they were at a very advanced stage of finalising a contract with the British Broadcasting Corporatio n (BBC) to convert the BBC’s film library from 2D to 3D – This con tract was expected to generate a revenue of USD 300 million in f irst phase, and ultimately

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