Supreme Court of India
Infrastructure Private Limited v. The State of Orissa & Ors.
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.
What the Court ordered
In view of the above conclusions and disposal of the appeal, the amount of Rs.3 crores deposited by the appellant before this Court, which is kept in fixed deposit shall be refunded to the appellant with accrued interest thereon. (v) The appeal is disposed of accordingly with no order as to costs. (vi) Pending application, if any, shall stand disposed of.
Judgment, page 16
From the headnote
Lease: Lease agreement – Execution of – On facts, lease agreement to be entered into between UAHCL and appe llant pursuant to the compliance of the Letter of Intent (LOI) – In terms of the LOI, the appellant was to pay Rs 9.34 crore within the stipulated period, however, the appellant failed to do so – Also full payment not made within the extended period and also su bsequent to the extended period – Decision by UAHCL to terminate t he LOI – Writ petition by the appellant seeking quashing of the said letter to terminate LOI – High Court held that the disputed question s of fact involved could
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