OIL & NATURAL GAS CORPORATION. LTD v. WESTERN GECO INTERNATIONAL LTD
Case at a glance
Provisions considered
Judgment
1.4. The arbitrators clubbed the entire period between 16th October, 2001 and 21st March, 2002 for purposes of holding the appellant-Corporation responsible for the D delay·, they committed an error resulting in miscarriage of justice apart from the fact that they failed to appreciate and draw inferences that logically flow from such proved facts. The arbitrators rightly held that no taxes were payable under the Income Tax Act. The challenge to the E award to that extent is rejected. Out of the period of 4 months and 22 days which the arbitrators have attributed to the appellant, a period of 56 days comprising 42 days of the first interval and 14 days of the second interval would be reduced. Deductions made by the appellant- F Corporation for the said period of 56 days is affirmed and the award made by the arbitrators is modified to that extent with a proportionate reduction in the amount payable to the respondent.[Para 23, 31,32,33) [18-F-G; 24· F-G; 25-8-H] G
Questions this judgment answers
Which statutory provisions did this judgment involve?
Arbitration and Conciliation Act, 1996 — s. 34; Income Tax Act, 1961; Municipal Corporations Act, 1882 — s. 191.
Which court decided this case, and when?
Supreme Court of India, on 09 Jul 2001. The bench was T S THAKUR, C NAGAPPAN, ADARSH KUMAR GOEL.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.