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Supreme Court of India

Indian Oil Corporation Limited v. Ncc Limited

Neutral citation
Reported as [2022] 13 S.C.R. 660
Bench M. R. Shah and B. V. Nagarathna JJ.
Decided 20 July 2022

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

In view of the above and for the reasons stated above, following order is passed. (1) Civil Appeal No.341/2022 arising out of the impugned judgment and order passed by the High Court in Arbitration Petition No.115/2018 is hereby dismissed.

Judgment, page 50

From the headnote

Arbitration and Conciliation Act, 1996 – ss.11(6), 11(6- ), 16 – High Court in exercise of powers u/s.11(6) app ointed the Arbitrators to adjudicate and resolve the disputes between the parties arising out of the respective contracts – orrectness of – Held: The issue w.r.t ‘accord and satisfaction’ of claims is seriously disputed and is debatable – Whether, in view of the acc eptance of Rs.4,53,04,021/- by the respondent which was released by peti tioner on the offer/letter made by the respondent there is an instance of ‘accord and satisfaction’ of the claims is a good a nd reasonably

Authorities it was built on

Where later benches applied it

Of those, 2 referred to

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