Supreme Court of India
Hlv Limited (formerly Known as Hotel Leelaventure Pvt. Ltd.) v. Pbsamp Projects Pvt. Ltd.
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
We are of the view that the High Court was not justified in setting aside the order of the executing court and remanding the matter for fresh determination.
Judgment, page 23
From the headnote
Issue for Consideration Whether in the facts and circumstances of the case, the decree holder (respondent) would be entitled to interest upon interest in terms of s.31(7)(b), Arbitration and Conciliation Act, 1996 or the interest awarded by the arbitral tribunal in the award in terms of the memorandum of understanding (MoU) entered into between the parties i.e. between the appellant and the respondent fulfil the requirement of s.31(7)(a) and (b) of the said Act. Headnotes† Arbitration and Conciliation Act, 1996 – s.31(7)(a), (b) – High Court set aside the order of the Executing Court
Authorities it was built on
- 2014 M/s. Hyder Consulting (uk) Ltd. v. Governor, State of Orissa through Chief Engineer
- 2010 State of Haryana & Ors. v. S. L. Arora & Company
- 2022 Delhi Airport Metro Express Private Limited v. Delhi Metro Rail Corporation
- 2022 Morgan Securities and Credits Pvt. Ltd. v. Videocon Industries Ltd.
- 2024 North Delhi Municipal Corporation v. M/s S.A. Builders Ltd.
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