Supreme Court of India

M/s. Jai Balaji Industries v. D.K. Mohanty & Anr.

Neutral citation
Reported as [2021] 11 S.C.R. 350
Bench Dinesh Maheshwari and Vikram Nath JJ.
Decided 1 October 2021

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

Insolvency and Bankruptcy Code, 2016 – ss. 8, 9, 62 – Arbitration and Conciliation Act, 1996 – The appell ant and respondent no.2 entered into Memorandums of Underst anding, whereby the respondent no.2 agreed to supply, 1 lakh and 7 lakh metric tons of iron ore per month to the appellant – Disput e arose between the parties as regards the requisite supply and payment – Arbitration clause was invoked – In arbitral awards the respondent company was held liable to make payment – Respondent company filed petition u/s. 34 of the 1996 Act, which were dismis sed by the District Court – Appeals were

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