Authority: Supreme Court of India
Order Date: 07-10-2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 4170/2026 filed by Indian Oil Corporation Limited against Man Industries (India) Limited, arising from the impugned final judgment and order dated 08‑10‑2025 in FAO(OS)(COMM) No.172/2023 passed by the Delhi High Court.
- The High Court judgment was challenged; both parties suggested modification.
- The Court, comprising the Chief Justice and Justices Joymalya Bagchi and V. Mohana, heard counsel on 07‑10‑2026.
Final Outcome
- The Supreme Court modifies the High Court judgment, appointing former Delhi High Court Judge Justice Jayant Nath as the sole arbitrator.
- The arbitrator shall commence proceedings from the stage of final arguments, permitting one written submission from each party followed by oral submissions, after which an award will be passed.
- The Special Leave Petition is disposed of, and any pending applications are also disposed of.
Topics: Arbitration, Corporate Dispute