Supreme Court of India
Indian Oil Corporation Ltd. and Ors v. M/s. Sathyanarayana Service Station & Anr
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What the Court ordered
We are of the view that the High Court in a proceeding under Section 37 of the Act acted illegally in interfering with the finding of the Arbitrator and what is more, a finding found acceptable to the District J udge under Section 34 of the Act that there was acceptance vid e letter dated 18.11.2006.
Judgment, page 18
From the headnote
Arbitration and Conciliation Act 1996: s. 34 – Appl ication for setting aside arbitral award – Appellant-IOC entere d into petrol pump dealer agreement with the first respondent – After th ree years, the first respondent sought to withdraw from the dealership a nd the said request was notarised, and thereafter accepted by the appellant – Subsequently, first respondent expressed his intention to withdraw the resignation from the dealership, however, the s ame was not accepted – IOC took possession of the petroleum out let and new dealer was awarded the dealership – First responden t challenged
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