Supreme Court of India
Larsen and Toubro Limited v. Puri Construction Pvt. Ltd. and Others
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
Issue for Consideration In petition u/s.34, Arbitration and Conciliation Act, 1996, Single Judge had set aside the Arbitral Award. Division Bench in appeal thereagainst u/s.37, Arbitration Act by way of the impugned judgment, inter alia upheld the dismissal of L&T’s counter-claim and agreed with the findings of the Arbitral Tribunal that the Supplementary Agreement was a non-starter as it was vitiated by economic duress; that the Development Agreement was not novated by the Supplementary Agreement; that L&T committed fundamental breach of the Development Agreement. The operative part of the
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